Educational Development (NASDAQ:EDUC) Coverage Initiated at StockNews.com

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

Educational Development Stock Performance

EDUC opened at $2.61 on Tuesday. The business’s 50-day moving average price is $2.02 and its two-hundred day moving average price is $1.43. Educational Development has a 1 year low of $0.80 and a 1 year high of $2.95. The company has a market capitalization of $22.37 million, a price-to-earnings ratio of 130.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.64 and a quick ratio of 1.24.

Institutional Trading of Educational Development

A number of hedge funds and other institutional investors have recently modified their holdings of EDUC. Needham Investment Management LLC increased its position in shares of Educational Development by 77.8% in the fourth quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock valued at $1,264,000 after acquiring an additional 175,000 shares during the last quarter. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Educational Development in the first quarter valued at about $367,000. Ridgewood Investments LLC acquired a new stake in shares of Educational Development in the first quarter valued at about $49,000. State Street Corp acquired a new stake in shares of Educational Development in the second quarter valued at about $65,000. Finally, Vanguard Group Inc. increased its position in shares of Educational Development by 1.7% in the third quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock valued at $681,000 after acquiring an additional 4,750 shares during the last quarter. Institutional investors and hedge funds 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.