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

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

Educational Development Stock Performance

NASDAQ EDUC opened at $1.60 on Friday. Educational Development has a 1 year low of $1.46 and a 1 year high of $2.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61. The stock has a market capitalization of $13.73 million, a PE ratio of -2.42 and a beta of 1.05. The company’s 50 day simple moving average is $1.66 and its two-hundred day simple moving average is $1.91.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings data on Monday, January 13th. The company reported ($0.10) earnings per share 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

Several institutional investors and hedge funds have recently made changes to their positions in EDUC. Raymond James Financial Inc. purchased a new stake in shares of Educational Development during the 4th quarter valued at $41,000. Ridgewood Investments LLC raised its position in shares of Educational Development by 158.8% during the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock valued at $100,000 after buying an additional 37,022 shares in the last quarter. Finally, Needham Investment Management LLC raised 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 worth $1,884,000 after purchasing an additional 55,000 shares during the period. Hedge funds and other institutional investors 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.