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

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

Educational Development Stock Performance

Shares of EDUC opened at $1.28 on Tuesday. 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 1 year low of $1.24 and a 1 year high of $2.95. The firm has a fifty day moving average of $1.54 and a 200-day moving average of $1.81. The company has a market cap of $10.99 million, a price-to-earnings ratio of -1.94 and a beta of 1.08.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Monday, January 13th. The company reported ($0.10) 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of Educational Development in the fourth quarter worth about $41,000. Ridgewood Investments LLC boosted its stake in Educational Development by 158.8% in 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 during the period. Finally, Needham Investment Management LLC boosted its stake 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. 19.60% of the stock is currently 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.