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

Equities research analysts at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC – Get Rating) in a research note issued to investors on Monday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Stock Down 6.3 %

Shares of EDUC stock opened at $3.14 on Monday. Educational Development has a 1-year low of $2.00 and a 1-year high of $8.99. The stock’s fifty day moving average price is $3.56 and its 200 day moving average price is $3.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.20 and a quick ratio of 0.37. The company has a market cap of $27.36 million, a price-to-earnings ratio of -104.67 and a beta of 0.85.

Institutional Trading of Educational Development

Several large investors have recently added to or reduced their stakes in EDUC. Needham Investment Management LLC grew its stake in Educational Development by 77.8% during the 4th quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock valued at $1,264,000 after purchasing an additional 175,000 shares during the last quarter. Morgan Dempsey Capital Management LLC purchased a new stake in Educational Development during the 1st quarter valued at about $367,000. State Street Corp purchased a new stake in Educational Development during the 2nd quarter valued at about $65,000. Hodges Capital Management Inc. purchased a new stake in Educational Development during the 3rd quarter valued at about $32,000. Finally, Vanguard Group Inc. grew its stake in Educational Development by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock valued at $681,000 after purchasing an additional 4,750 shares during the last quarter. Hedge funds and other institutional investors own 23.22% of the company’s stock.

Educational Development Company Profile

(Get Rating)

Educational Development Corp. engages in the provision of educational children’s books. It operates through the Home Business and Publishing segments. The Home Business (Usborne Books & More or UBAM) segment sells books through independent consultants directly to customers by hosting home parties, through social media collaboration platforms on the internet, by hosting book fairs with school and public libraries.