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

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

Educational Development Stock Performance

Shares of Educational Development stock opened at $1.92 on Tuesday. Educational Development has a one year low of $0.80 and a one year high of $2.95. The company has a market capitalization of $16.45 million, a PE ratio of 96.05 and a beta of 1.19. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.24 and a current ratio of 3.64. The company has a 50-day simple moving average of $2.04 and a two-hundred day simple moving average of $1.45.

Institutional Investors Weigh In On Educational Development

A number of hedge funds and other institutional investors have recently bought and sold shares of EDUC. State Street Corp acquired a new position in shares of Educational Development during the second quarter worth $65,000. Ridgewood Investments LLC acquired a new stake in shares of Educational Development in the 1st quarter worth $49,000. Morgan Dempsey Capital Management LLC purchased a new position in Educational Development during the 1st quarter worth $367,000. Vanguard Group Inc. increased its position in Educational Development by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock valued at $681,000 after buying an additional 4,750 shares in the last quarter. Finally, Needham Investment Management LLC raised its stake in Educational Development by 77.8% in the fourth quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock valued at $1,264,000 after buying an additional 175,000 shares during the last quarter. Hedge funds and other institutional investors 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.