Educational Development (NASDAQ:EDUC) Now Covered by 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 Trading Up 6.0 %

Shares of Educational Development stock opened at $1.95 on Wednesday. The firm has a market cap of $16.73 million, a PE ratio of -6.09 and a beta of 1.05. The company has a quick ratio of 1.46, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. Educational Development has a fifty-two week low of $0.80 and a fifty-two week high of $2.95. The business’s fifty day moving average is $2.05 and its two-hundred day moving average is $2.00.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Thursday, October 10th. The company reported ($0.22) earnings per share (EPS) for the quarter. Educational Development had a negative return on equity of 6.08% and a negative net margin of 6.42%. The business had revenue of $6.51 million during the quarter.

Hedge Funds Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Needham Investment Management LLC grew its stake in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 805,000 shares of the company’s stock after buying an additional 55,000 shares during the period. Needham Investment Management LLC owned 9.38% of Educational Development worth $1,884,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Educational Development Company Profile

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.