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

Equities researchers at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a note issued to investors on Tuesday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Price Performance

Shares of NASDAQ EDUC opened at $1.26 on Tuesday. The firm has a market capitalization of $10.82 million, a P/E ratio of -1.91 and a beta of 1.08. Educational Development has a one year low of $1.24 and a one year high of $2.95. The company’s fifty day moving average is $1.52 and its two-hundred day moving average is $1.80. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 3.64.

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

Institutional Investors Weigh In On Educational Development

Several institutional investors and hedge funds have recently made changes to their positions in EDUC. Raymond James Financial Inc. purchased a new stake in shares of Educational Development in the 4th quarter worth about $41,000. Ridgewood Investments LLC boosted its position 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 worth $100,000 after buying an additional 37,022 shares in the last quarter. Finally, Needham Investment Management LLC raised its stake in Educational Development by 7.3% in the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after purchasing an additional 55,000 shares during the last quarter. 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.