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

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

Educational Development Price Performance

Educational Development stock opened at $2.07 on Friday. Educational Development has a 52-week low of $0.80 and a 52-week high of $2.99. The company has a market cap of $17.74 million, a price-to-earnings ratio of 103.55 and a beta of 1.18. The firm’s fifty day moving average is $1.82 and its 200 day moving average is $1.33. The company has a quick ratio of 1.24, a current ratio of 3.64 and a debt-to-equity ratio of 0.57.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings results on Thursday, January 11th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.07). The company had revenue of $16.94 million during the quarter. Educational Development had a return on equity of 0.53% and a net margin of 0.42%.

Hedge Funds Weigh In On Educational Development

Large investors have recently made changes to their positions in the company. Needham Investment Management LLC boosted its position in shares of Educational Development by 77.8% during the fourth quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock valued at $1,264,000 after buying an additional 175,000 shares during the period. Vanguard Group Inc. boosted its holdings in Educational Development by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock valued at $681,000 after acquiring an additional 4,750 shares during the period. Morgan Dempsey Capital Management LLC bought a new position in Educational Development in the 1st quarter valued at $367,000. Finally, State Street Corp purchased a new stake in Educational Development in the second quarter worth $65,000. 19.60% of the stock is owned by hedge funds and other 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.