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

StockNews.com began coverage on shares of Educational Development (NASDAQ:EDUC) in a report issued on Saturday morning. The brokerage issued a strong-buy rating on the stock.

Educational Development Stock Up 2.1 %

Shares of NASDAQ EDUC opened at $1.55 on Friday. The business’s fifty day moving average price is $1.62 and its 200-day moving average price is $1.88. The stock has a market capitalization of $13.26 million, a PE ratio of -2.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61. Educational Development has a one year low of $1.46 and a one year high of $2.95.

Educational Development (NASDAQ:EDUC) last issued 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 return on equity of 12.71% and a negative net margin of 15.15%.

Institutional Trading of Educational Development

A number of institutional investors have recently added to or reduced their stakes in EDUC. Needham Investment Management LLC lifted its holdings in Educational Development by 7.3% during the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock worth $1,884,000 after purchasing an additional 55,000 shares in the last quarter. Ridgewood Investments LLC lifted its holdings in Educational Development by 158.8% during the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after purchasing an additional 37,022 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Educational Development during the 4th quarter worth about $41,000. Hedge funds and other 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.