Educational Development (NASDAQ:EDUC) Research Coverage Started at StockNews.com

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

Educational Development Stock Down 3.1 %

Shares of NASDAQ:EDUC opened at $1.55 on Friday. The firm has a market cap of $13.30 million, a P/E ratio of -2.35 and a beta of 1.05. The company has a quick ratio of 1.61, a current ratio of 3.64 and a debt-to-equity ratio of 0.61. Educational Development has a 12-month low of $1.46 and a 12-month high of $2.95. The business has a fifty day simple moving average of $1.65 and a 200 day simple moving average of $1.90.

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

Institutional Trading of Educational Development

Large investors have recently bought and sold shares of the business. Ridgewood Investments LLC grew its holdings in Educational Development by 158.8% during the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after acquiring an additional 37,022 shares during the period. Needham Investment Management LLC grew its holdings in Educational Development by 7.3% during the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock worth $1,884,000 after acquiring an additional 55,000 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Educational Development during the 4th quarter worth about $41,000. 19.60% of the stock is currently owned by institutional investors and hedge funds.

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.