StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUC – Get Rating) in a research note issued to investors on Sunday. The brokerage set a “strong-buy” rating on the stock.
Educational Development stock opened at $4.53 on Friday. The firm’s 50 day simple moving average is $6.47 and its 200-day simple moving average is $7.62. Educational Development has a fifty-two week low of $4.38 and a fifty-two week high of $14.50. The company has a market cap of $39.51 million, a P/E ratio of 4.58 and a beta of 1.02. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.90 and a quick ratio of 0.12.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Dempsey Capital Management LLC purchased a new position in Educational Development during the first quarter valued at approximately $367,000. Needham Investment Management LLC purchased a new position in Educational Development during the fourth quarter valued at approximately $276,000. UBS Group AG grew its position in Educational Development by 80.9% during the third quarter. UBS Group AG now owns 3,798 shares of the company’s stock valued at $36,000 after purchasing an additional 1,698 shares in the last quarter. Finally, BlackRock Inc. grew its position in Educational Development by 575.5% during the third quarter. BlackRock Inc. now owns 18,516 shares of the company’s stock valued at $179,000 after purchasing an additional 15,775 shares in the last quarter. 20.40% of the stock is currently owned by hedge funds and other institutional investors.
Educational Development Corporation, a publishing company, operates as a trade co-publisher of educational children's books in the United States. It operates through two segments, Publishing and Usborne Books & More (UBAM). 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.
- Get a free copy of the StockNews.com research report on Educational Development (EDUC)
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