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

Research analysts at StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUC) in a research report issued to clients and investors on Wednesday. The firm set a “strong-buy” rating on the stock.

Educational Development Stock Performance

NASDAQ EDUC opened at $1.38 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 3.64. The stock’s fifty day moving average is $1.47 and its two-hundred day moving average is $1.77. The firm has a market capitalization of $11.85 million, a P/E ratio of -2.09 and a beta of 1.08. Educational Development has a fifty-two week low of $1.21 and a fifty-two week high of $2.95.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Needham Investment Management LLC raised its position in Educational Development by 7.3% in the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after purchasing an additional 55,000 shares during the period. Ridgewood Investments LLC grew its holdings 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 worth $100,000 after purchasing an additional 37,022 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Educational Development during the 4th quarter worth about $41,000. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

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.