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

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

Educational Development Price Performance

Shares of NASDAQ EDUC opened at $1.26 on Wednesday. The company has a current ratio of 3.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $1.49 and its 200-day moving average price is $1.77. The firm has a market capitalization of $10.82 million, a P/E ratio of -1.91 and a beta of 1.08. Educational Development has a 1-year low of $1.21 and a 1-year high of $2.95.

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

Institutional Investors Weigh In On Educational Development

A number of hedge funds have recently made changes to their positions in the business. Needham Investment Management LLC raised its stake in shares of Educational Development by 7.3% in the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after buying an additional 55,000 shares during the period. Ridgewood Investments LLC raised 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 valued at $100,000 after acquiring an additional 37,022 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Educational Development during the fourth quarter valued at about $41,000. 19.60% of the stock is currently owned by institutional investors.

About Educational Development

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.