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

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

Educational Development Stock Up 0.4 %

Shares of NASDAQ EDUC opened at $1.38 on Wednesday. Educational Development has a 1 year low of $1.21 and a 1 year high of $2.95. The firm’s 50-day moving average is $1.47 and its 200-day moving average is $1.76. The company has a current ratio of 3.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $11.85 million, a PE ratio of -2.09 and a beta of 1.08.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings data on Monday, January 13th. The company reported ($0.10) earnings per share (EPS) 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 have recently added to or reduced their stakes in the stock. Needham Investment Management LLC raised its position in shares of 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 acquiring an additional 55,000 shares during the period. Ridgewood Investments LLC raised its holdings in Educational Development by 158.8% in the fourth quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after purchasing an additional 37,022 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Educational Development in the fourth quarter worth $41,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

About Educational Development

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.