StockNews.com Begins Coverage on Educational Development (NASDAQ:EDUC)

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

Educational Development Stock Down 1.6 %

Shares of EDUC opened at $1.83 on Thursday. The company has a market capitalization of $15.71 million, a price-to-earnings ratio of -5.72 and a beta of 1.05. Educational Development has a 52 week low of $0.80 and a 52 week high of $2.95. The stock’s 50-day moving average price is $1.99 and its 200-day moving average price is $2.00. The company has a quick ratio of 1.46, a current ratio of 3.67 and a debt-to-equity ratio of 0.61.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings data on Thursday, October 10th. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $6.51 million during the quarter. Educational Development had a negative return on equity of 6.08% and a negative net margin of 6.42%.

Institutional Trading of Educational Development

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC boosted its stake in Educational Development Co. (NASDAQ:EDUC) by 7.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 805,000 shares of the company’s stock after purchasing an additional 55,000 shares during the period. Needham Investment Management LLC owned about 9.38% of Educational Development worth $1,884,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 19.60% of the company’s stock.

About Educational Development

Educational Development Corporation, a publishing company, operates as a publisher of educational children's books in the United States. It operates through two segments, PaperPie and Publishing. 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.