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

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

Educational Development Stock Down 2.1 %

Shares of NASDAQ:EDUC opened at $1.42 on Friday. Educational Development has a 1-year low of $1.41 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 has a market cap of $12.19 million, a P/E ratio of -2.15 and a beta of 1.05. The firm has a fifty day moving average price of $1.60 and a 200 day moving average price of $1.86.

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

Hedge Funds Weigh In On Educational Development

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

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.