Educational Development (NASDAQ:EDUC) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research report issued to clients and investors on Sunday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Price Performance

Shares of EDUC stock opened at $1.67 on Friday. The company has a market capitalization of $14.33 million, a P/E ratio of -5.22 and a beta of 1.06. The company’s 50-day simple moving average is $1.84 and its two-hundred day simple moving average is $1.98. Educational Development has a one year low of $1.11 and a one year high of $2.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 1.46.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings data on Thursday, October 10th. The company reported ($0.22) earnings per share (EPS) for the quarter. The firm had revenue of $6.51 million during the quarter. Educational Development had a negative return on equity of 6.08% and a negative net margin of 6.42%.

Institutional Trading of Educational Development

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC grew its holdings in Educational Development Co. (NASDAQ:EDUC) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 805,000 shares of the company’s stock after purchasing an additional 55,000 shares during the quarter. Needham Investment Management LLC owned approximately 9.38% of Educational Development worth $1,884,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 19.60% of the company’s stock.

Educational Development Company Profile

Educational Development Corporation, a publishing company, operates as a publisher of educational children's books in the United States. It operates through two segments, PaperPie and Publishing. The company offers various books, including touchy-feely board books, activity books and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as internet-linked books comprising science and math titles, and chapter books and novels.