StockNews.com Begins Coverage on Educational Development (NASDAQ:EDUC)

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUCGet Rating) in a research report issued on Monday. The firm set a “strong-buy” rating on the stock.

Shares of Educational Development stock opened at $7.50 on Monday. The business’s fifty day simple moving average is $7.76. The company has a current ratio of 1.94, a quick ratio of 0.17 and a debt-to-equity ratio of 0.49. Educational Development has a twelve month low of $6.96 and a twelve month high of $18.60. The stock has a market cap of $65.30 million, a PE ratio of 6.25 and a beta of 0.95.

A number of hedge funds have recently modified their holdings of EDUC. Needham Investment Management LLC acquired a new position in Educational Development in the 4th quarter worth $276,000. BlackRock Inc. lifted its holdings in Educational Development by 575.5% in the 3rd quarter. BlackRock Inc. now owns 18,516 shares of the company’s stock worth $179,000 after buying an additional 15,775 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Educational Development by 80.9% in the 3rd quarter. UBS Group AG now owns 3,798 shares of the company’s stock worth $36,000 after buying an additional 1,698 shares in the last quarter. Hedge funds and other institutional investors own 19.65% of the company’s stock.

About Educational Development (Get Rating)

Educational Development Corp. engages in the provision of educational children’s books. It operates through the Home Business and Publishing segments. The Home Business (Usborne Books & More or UBAM) segment sells books through independent consultants directly to customers by hosting home parties, through social media collaboration platforms on the internet, by hosting book fairs with school and public libraries.

Further Reading

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