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 Saturday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Price Performance

Shares of EDUC stock opened at $1.55 on Friday. Educational Development has a twelve month low of $1.46 and a twelve month high of $2.95. 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 company has a market capitalization of $13.26 million, a PE ratio of -2.34 and a beta of 1.05. The firm has a fifty day simple moving average of $1.62 and a 200-day simple moving average of $1.88.

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

Institutional Trading of Educational Development

A number of large investors have recently modified their holdings of EDUC. Raymond James Financial Inc. acquired 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% during the 4th 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 boosted its holdings in shares of Educational Development by 7.3% in the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock worth $1,884,000 after buying an additional 55,000 shares during the period. 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.