StockNews.com Initiates Coverage on Educational Development (NASDAQ:EDUC)

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a research report sent to investors on Sunday morning. The firm issued a strong-buy rating on the stock.

Educational Development Stock Performance

Shares of EDUC stock opened at $1.67 on Friday. The firm has a market capitalization of $14.33 million, a PE ratio of -5.22 and a beta of 1.06. The company has a 50 day moving average price of $1.84 and a 200-day moving average price of $1.98. Educational Development has a 52 week low of $1.11 and a 52 week high of $2.95. 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 (NASDAQ:EDUC) last posted its earnings results on Thursday, October 10th. The company reported ($0.22) EPS for the quarter. The company had revenue of $6.51 million during the quarter. Educational Development had a negative return on equity of 6.08% and a negative net margin of 6.42%.

Institutional Investors Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Needham Investment Management LLC boosted its holdings in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 805,000 shares of the company’s stock after buying an additional 55,000 shares during the quarter. Needham Investment Management LLC owned approximately 9.38% of Educational Development worth $1,884,000 at the end of the most recent quarter. 19.60% of the stock is currently owned by institutional investors.

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.