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

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

Educational Development Price Performance

Shares of NASDAQ EDUC opened at $1.59 on Thursday. The company has a current ratio of 3.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.61. Educational Development has a twelve month low of $1.46 and a twelve month high of $2.95. The stock has a 50 day moving average of $1.69 and a two-hundred day moving average of $1.93. The stock has a market cap of $13.64 million, a P/E ratio of -2.41 and a beta of 1.05.

Educational Development (NASDAQ:EDUC) last released its earnings results 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 Inflows and Outflows

A number of institutional investors have recently modified their holdings of EDUC. Needham Investment Management LLC increased its holdings 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 purchasing an additional 55,000 shares during the period. Ridgewood Investments LLC grew its holdings in Educational Development by 158.8% during the fourth quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after acquiring an additional 37,022 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Educational Development during the fourth quarter worth $41,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

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.