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

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

Educational Development Trading Up 0.6 %

EDUC opened at $1.29 on Monday. Educational Development has a one year low of $1.25 and a one year high of $2.95. The company has a market cap of $11.06 million, a P/E ratio of -1.95 and a beta of 1.08. 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 business’s 50-day simple moving average is $1.57 and its 200-day simple moving average is $1.83.

Educational Development (NASDAQ:EDUC) last announced 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 Trading of Educational Development

A number of large investors have recently made changes to their positions in EDUC. Needham Investment Management LLC boosted its position in shares of Educational Development by 7.3% in the 3rd 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 boosted its position in shares of 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 purchasing an additional 37,022 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Educational Development in the 4th quarter valued at about $41,000. 19.60% of the stock is owned by institutional investors and hedge funds.

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.