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

StockNews.com began coverage on shares of Educational Development (NASDAQ:EDUC – Get Rating) in a report released on Friday. The brokerage set a “strong-buy” rating on the stock.

Shares of NASDAQ EDUC opened at $4.74 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.17 and a current ratio of 1.94. The company has a market cap of $41.31 million, a P/E ratio of 3.95 and a beta of 1.02. The firm’s fifty day moving average is $7.29 and its two-hundred day moving average is $8.02. Educational Development has a 52-week low of $4.38 and a 52-week high of $16.49.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in Educational Development by 575.5% in the 3rd quarter. BlackRock Inc. now owns 18,516 shares of the company’s stock valued at $179,000 after acquiring an additional 15,775 shares during the last quarter. UBS Group AG increased 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 valued at $36,000 after acquiring an additional 1,698 shares during the last quarter. Finally, Needham Investment Management LLC bought a new stake in Educational Development in the 4th quarter valued at $276,000. Institutional investors own 20.40% 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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