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

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

Educational Development Price Performance

EDUC stock opened at $1.29 on Monday. 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 price is $1.56 and its 200-day moving average price is $1.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 3.64. The company has a market capitalization of $11.03 million, a PE ratio of -1.95 and a beta of 1.08.

Educational Development (NASDAQ:EDUC) last released its earnings results 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

A number of hedge funds have recently bought and sold shares of EDUC. Raymond James Financial Inc. purchased a new stake in Educational Development during the fourth quarter valued at $41,000. Ridgewood Investments LLC raised its stake in Educational Development by 158.8% during the fourth 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, Needham Investment Management LLC raised its stake in Educational Development by 7.3% during the third 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 in the last quarter. 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.