Educational Development (NASDAQ:EDUC) Now Covered by StockNews.com

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a research note published on Saturday morning. The firm issued a strong-buy rating on the stock.

Educational Development Trading Up 0.6 %

NASDAQ:EDUC opened at $1.61 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 1.46. Educational Development has a one year low of $0.99 and a one year high of $2.95. The company has a market cap of $13.82 million, a PE ratio of -5.03 and a beta of 1.05. The firm has a 50-day moving average of $1.87 and a 200-day moving average of $1.99.

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

Hedge Funds Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC lifted its position in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 805,000 shares of the company’s stock after purchasing an additional 55,000 shares during the period. Needham Investment Management LLC owned 9.38% of Educational Development worth $1,884,000 at the end of the most recent quarter. 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.