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

Shares of EDUC opened at $7.31 on Tuesday. Educational Development has a 52 week low of $6.96 and a 52 week high of $18.60. The company has a quick ratio of 0.17, a current ratio of 1.94 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $63.60 million, a P/E ratio of 6.09 and a beta of 0.95. The business has a 50-day moving average of $7.76.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EDUC. Needham Investment Management LLC acquired a new position in Educational Development in the 4th quarter worth about $276,000. BlackRock Inc. raised 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 purchasing an additional 15,775 shares during the period. Finally, UBS Group AG raised 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 purchasing an additional 1,698 shares during the period. 19.65% of the stock is owned by institutional investors.

About Educational Development (Get Rating)

Educational Development Corporation, a publishing company, operates as a trade co-publisher of educational children's books in the United States. 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 science and math titles, and chapter books and novels.

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