Educational Development (NASDAQ:EDUC) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Educational Development (NASDAQ:EDUC) in a research note issued to investors on Friday. The firm set a “strong-buy” rating on the stock.

Educational Development Trading Up 1.2 %

Shares of EDUC stock opened at $1.20 on Friday. The company has a quick ratio of 1.61, a current ratio of 3.64 and a debt-to-equity ratio of 0.61. The firm has a market cap of $10.34 million, a P/E ratio of -1.82 and a beta of 1.12. The company has a 50 day moving average of $1.37 and a 200-day moving average of $1.69. Educational Development has a 12-month low of $0.92 and a 12-month high of $2.81.

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

Institutional Investors Weigh In On Educational Development

An institutional investor recently bought a new position in Educational Development stock. Raymond James Financial Inc. purchased a new stake in Educational Development Co. (NASDAQ:EDUC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 24,617 shares of the company’s stock, valued at approximately $41,000. Raymond James Financial Inc. owned 0.29% of Educational Development as of its most recent SEC filing. 19.60% of the stock is owned by institutional investors.

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.