Educational Development (NASDAQ:EDUC) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC – Get Rating) in a report released on Wednesday. The brokerage issued a strong-buy rating on the stock.

Shares of NASDAQ EDUC opened at $6.65 on Wednesday. The stock has a market cap of $57.90 million, a PE ratio of 5.54 and a beta of 0.95. 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 1-year low of $6.65 and a 1-year high of $18.60. The firm’s 50-day moving average price is $7.72.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Tuesday, February 22nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 18th. This represents a $0.40 annualized dividend and a yield of 6.02%. Educational Development’s payout ratio is 33.33%.

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

Educational Development Company Profile (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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