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

StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUC) in a research note published on Thursday. The firm issued a strong-buy rating on the stock.

Educational Development Trading Up 0.3 %

NASDAQ:EDUC opened at $1.59 on Thursday. The company has a market cap of $13.60 million, a P/E ratio of -2.40 and a beta of 1.05. Educational Development has a 1 year low of $1.46 and a 1 year high of $2.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61. The stock’s fifty day moving average price is $1.69 and its two-hundred day moving average price is $1.93.

Educational Development (NASDAQ:EDUC) last issued its earnings results on Monday, January 13th. The company reported ($0.10) EPS for the quarter. Educational Development had a negative return on equity of 12.71% and a negative net margin of 15.15%.

Institutional Trading of Educational Development

Institutional investors and hedge funds have recently bought and sold shares of the company. Ridgewood Investments LLC grew its position in shares of Educational Development by 158.8% during the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock valued at $100,000 after purchasing an additional 37,022 shares in the last quarter. Needham Investment Management LLC boosted its stake in Educational Development by 7.3% during the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after buying an additional 55,000 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Educational Development during the fourth quarter worth about $41,000. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Educational Development Company Profile

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.