Educational Development (NASDAQ:EDUC) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUCGet Rating) in a research note issued to investors on Sunday. The firm set a “strong-buy” rating on the stock.

Educational Development Stock Performance

Shares of EDUC opened at $2.81 on Friday. The company has a 50-day simple moving average of $3.33 and a 200-day simple moving average of $5.11. The company has a quick ratio of 0.17, a current ratio of 1.92 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $24.45 million, a PE ratio of 4.61 and a beta of 0.89. Educational Development has a 52-week low of $2.71 and a 52-week high of $10.40.

Educational Development (NASDAQ:EDUCGet Rating) last announced its quarterly earnings results on Wednesday, July 6th. The company reported $0.03 earnings per share (EPS) for the quarter. Educational Development had a net margin of 4.08% and a return on equity of 10.99%. The business had revenue of $23.16 million during the quarter.

Hedge Funds Weigh In On Educational Development

Several hedge funds have recently added to or reduced their stakes in EDUC. Needham Investment Management LLC purchased a new position in Educational Development during the 4th quarter valued at about $276,000. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Educational Development during the first quarter worth about $367,000. Finally, State Street Corp purchased a new stake in shares of Educational Development during the second quarter worth about $65,000. 23.39% of the stock is currently owned by hedge funds and other institutional investors.

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. 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.

Further Reading

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