Educational Development (NASDAQ:EDUC) Receives New Coverage from Analysts at began coverage on shares of Educational Development (NASDAQ:EDUCGet Rating) in a report issued on Sunday. The brokerage set a “strong-buy” rating on the stock.

Separately, TheStreet downgraded Educational Development from a “c-” rating to a “d+” rating in a report on Friday, October 7th.

Educational Development Trading Up 0.4 %

Educational Development stock opened at $2.52 on Friday. The company has a quick ratio of 0.26, a current ratio of 3.09 and a debt-to-equity ratio of 0.73. Educational Development has a 52 week low of $2.00 and a 52 week high of $9.93. The company has a market capitalization of $21.90 million, a price-to-earnings ratio of 9.00 and a beta of 0.95. The stock has a 50-day moving average price of $2.52 and a 200 day moving average price of $3.62.

Educational Development (NASDAQ:EDUCGet Rating) last announced its quarterly earnings results on Thursday, October 6th. The company reported ($0.10) earnings per share (EPS) for the quarter. Educational Development had a net margin of 2.00% and a return on equity of 5.09%. The company had revenue of $27.77 million during the quarter.

Institutional Trading of Educational Development

A number of institutional investors and hedge funds have recently made changes to their positions in EDUC. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Educational Development in the first quarter valued at approximately $367,000. Needham Investment Management LLC increased its position in shares of Educational Development by 55.2% in the second quarter. Needham Investment Management LLC now owns 225,000 shares of the company’s stock valued at $950,000 after buying an additional 80,000 shares in the last quarter. State Street Corp purchased a new stake in shares of Educational Development in the second quarter valued at approximately $65,000. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Educational Development in the third quarter valued at approximately $32,000. 23.39% of the stock is currently owned by hedge funds and other 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. 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.

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