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

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a research report issued to clients and investors on Tuesday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Stock Performance

Shares of EDUC stock opened at $1.26 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61. The firm has a market cap of $10.82 million, a PE ratio of -1.91 and a beta of 1.08. The company has a 50-day moving average of $1.52 and a two-hundred day moving average of $1.80. Educational Development has a 1-year low of $1.24 and a 1-year high of $2.95.

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 hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Educational Development in the 4th quarter valued at $41,000. Ridgewood Investments LLC grew its position in Educational Development by 158.8% in the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock valued at $100,000 after buying an additional 37,022 shares during the last quarter. Finally, Needham Investment Management LLC grew its position in Educational Development by 7.3% in the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after buying an additional 55,000 shares during the last quarter. 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.