Educational Development (NASDAQ:EDUC) Earns Strong-Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a note issued to investors on Monday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Trading Down 0.1 %

NASDAQ EDUC opened at $1.34 on Monday. The stock has a market capitalization of $11.49 million, a price-to-earnings ratio of -2.03 and a beta of 1.08. The stock’s 50 day moving average price is $1.58 and its two-hundred day moving average price is $1.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 3.64. Educational Development has a 52 week low of $1.29 and a 52 week high of $2.95.

Educational Development (NASDAQ:EDUC) last announced 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 return on equity of 12.71% and a negative net margin of 15.15%.

Institutional Investors Weigh In On Educational Development

A number of institutional investors and hedge funds have recently made changes to their positions in EDUC. Needham Investment Management LLC raised its stake in shares of Educational Development by 7.3% during 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 in the last quarter. Ridgewood Investments LLC raised its stake 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 worth $100,000 after purchasing an additional 37,022 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Educational Development during the 4th quarter worth approximately $41,000. 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.