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

Investment analysts at StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUC) in a report released on Wednesday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Price Performance

EDUC stock opened at $1.26 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 3.64. The firm has a market cap of $10.82 million, a P/E ratio of -1.91 and a beta of 1.08. The firm’s fifty day moving average is $1.49 and its 200 day moving average is $1.77. Educational Development has a 52 week low of $1.21 and a 52 week high of $2.95.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings data on Monday, January 13th. The company reported ($0.10) earnings per share (EPS) for the quarter. Educational Development had a negative net margin of 15.15% and a negative return on equity of 12.71%.

Institutional Trading of Educational Development

Institutional investors have recently bought and sold shares of the company. Needham Investment Management LLC lifted its position in Educational Development by 7.3% in the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after acquiring an additional 55,000 shares in the last quarter. Ridgewood Investments LLC lifted its holdings in shares of Educational Development by 158.8% during the fourth quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock valued at $100,000 after purchasing an additional 37,022 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Educational Development during the fourth quarter valued at $41,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

About Educational Development

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.