StockNews.com Initiates Coverage on Educational Development (NASDAQ:EDUC)

Research analysts at StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUC) in a research report issued to clients and investors on Friday. The firm set a “strong-buy” rating on the stock.

Educational Development Stock Performance

Shares of NASDAQ:EDUC opened at $1.19 on Friday. Educational Development has a twelve month low of $0.92 and a twelve month high of $2.81. The firm has a market cap of $10.21 million, a PE ratio of -1.80 and a beta of 1.12. 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 business has a fifty day moving average of $1.38 and a 200-day moving average of $1.70.

Educational Development (NASDAQ:EDUC) last issued its earnings results 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%.

Institutional Investors Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Raymond James Financial Inc. acquired a new position in Educational Development Co. (NASDAQ:EDUC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,617 shares of the company’s stock, valued at approximately $41,000. Raymond James Financial Inc. owned approximately 0.29% of Educational Development as of its most recent SEC filing. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

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.