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

Equities researchers at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUCGet Free Report) in a research report issued on Sunday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Trading Down 0.6 %

Shares of Educational Development stock opened at $1.66 on Friday. The stock has a market cap of $14.25 million, a P/E ratio of -5.19 and a beta of 1.06. The company has a quick ratio of 1.46, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. Educational Development has a 12-month low of $1.11 and a 12-month high of $2.95. The business’s 50 day moving average is $1.83 and its 200-day moving average is $1.98.

Educational Development (NASDAQ:EDUCGet Free Report) last posted its quarterly earnings results on Thursday, October 10th. The company reported ($0.22) EPS for the quarter. Educational Development had a negative return on equity of 6.08% and a negative net margin of 6.42%. The business had revenue of $6.51 million for the quarter.

Institutional Investors Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC grew its position in Educational Development Co. (NASDAQ:EDUCFree Report) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 805,000 shares of the company’s stock after buying an additional 55,000 shares during the quarter. Needham Investment Management LLC owned 9.38% of Educational Development worth $1,884,000 as of its most recent SEC filing. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Educational Development Company Profile

(Get Free Report)

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.

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