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

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

Educational Development Trading Up 1.6 %

Shares of Educational Development stock opened at $1.28 on Wednesday. Educational Development has a 52-week low of $1.21 and a 52-week high of $2.95. The firm has a market capitalization of $10.99 million, a PE ratio of -1.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61. The company’s fifty day moving average price is $1.48 and its two-hundred day moving average price is $1.77.

Educational Development (NASDAQ:EDUC) last posted its earnings results on Monday, January 13th. The company reported ($0.10) earnings per share for the quarter. Educational Development had a negative net margin of 15.15% and a negative return on equity of 12.71%.

Hedge Funds Weigh In On Educational Development

Several hedge funds and other institutional investors have recently modified their holdings of EDUC. Needham Investment Management LLC grew its position in Educational Development by 7.3% in the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after acquiring an additional 55,000 shares during the period. Ridgewood Investments LLC boosted its stake 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Educational Development in the 4th quarter worth about $41,000. 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.