Educational Development (NASDAQ:EDUC) Earns Strong-Buy Rating from Analysts at StockNews.com

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

Educational Development Trading Up 7.8 %

NASDAQ:EDUC opened at $1.38 on Wednesday. The firm has a market cap of $11.85 million, a P/E ratio of -2.09 and a beta of 1.08. The company has a current ratio of 3.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.61. Educational Development has a 12-month low of $1.21 and a 12-month high of $2.95. The stock’s 50 day simple moving average is $1.47 and its 200-day simple moving average is $1.77.

Educational Development (NASDAQ:EDUC) last announced 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EDUC. Raymond James Financial Inc. acquired a new stake in Educational Development in the 4th quarter valued at about $41,000. Ridgewood Investments LLC increased its stake in shares of 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 purchasing an additional 37,022 shares in the last quarter. Finally, Needham Investment Management LLC lifted its position in shares of Educational Development by 7.3% in the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after acquiring an additional 55,000 shares in the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

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.