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

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

Educational Development Trading Up 0.6 %

EDUC opened at $1.67 on Friday. The stock has a 50-day moving average of $1.84 and a 200 day moving average of $1.98. The company has a current ratio of 3.67, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Educational Development has a 12 month low of $1.11 and a 12 month high of $2.95. The firm has a market cap of $14.33 million, a P/E ratio of -5.22 and a beta of 1.06.

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

Institutional Investors Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Needham Investment Management LLC increased its holdings in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 805,000 shares of the company’s stock after acquiring an additional 55,000 shares during the period. Needham Investment Management LLC owned about 9.38% of Educational Development worth $1,884,000 at the end of the most recent quarter. 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.