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

Investment analysts at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research note issued on Friday. The firm set a “strong-buy” rating on the stock.

Educational Development Price Performance

NASDAQ:EDUC opened at $1.59 on Friday. The business’s 50-day simple moving average is $1.93 and its two-hundred day simple moving average is $1.99. Educational Development has a 52 week low of $0.87 and a 52 week high of $2.95. The stock has a market cap of $13.65 million, a PE ratio of -4.97 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 (NASDAQ:EDUC) last issued its earnings results on Thursday, October 10th. The company reported ($0.22) earnings per share (EPS) for the quarter. Educational Development had a negative net margin of 6.42% and a negative return on equity of 6.08%. The business had revenue of $6.51 million for the quarter.

Hedge Funds Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Needham Investment Management LLC raised its stake in Educational Development Co. (NASDAQ:EDUC) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 805,000 shares of the company’s stock after acquiring an additional 55,000 shares during the period. Needham Investment Management LLC owned approximately 9.38% of Educational Development worth $1,884,000 as of its most recent SEC filing. 19.60% of the stock is currently owned by hedge funds and other 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.