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

StockNews.com began coverage on shares of Educational Development (NASDAQ:EDUC) in a research report released on Saturday. The brokerage issued a strong-buy rating on the stock.

Educational Development Stock Down 0.6 %

Shares of NASDAQ:EDUC opened at $1.53 on Friday. The firm has a fifty day moving average of $1.62 and a 200 day moving average of $1.88. Educational Development has a 52-week low of $1.46 and a 52-week high of $2.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 3.64. The firm has a market capitalization of $13.13 million, a PE ratio of -2.32 and a beta of 1.05.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings data on Monday, January 13th. The company reported ($0.10) earnings per share for the quarter. Educational Development had a negative return on equity of 12.71% and a negative net margin of 15.15%.

Institutional Trading of Educational Development

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of Educational Development in the fourth quarter worth approximately $41,000. Ridgewood Investments LLC boosted its position in 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 during the period. Finally, Needham Investment Management LLC grew its holdings 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 acquiring an additional 55,000 shares during the last quarter. Institutional investors 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.