Educational Development (NASDAQ:EDUC) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research report sent to investors on Saturday morning. The brokerage issued a strong-buy rating on the stock.

Educational Development Price Performance

Shares of NASDAQ EDUC opened at $1.65 on Friday. The firm has a 50-day moving average of $1.87 and a two-hundred day moving average of $1.99. The company has a market capitalization of $14.16 million, a price-to-earnings ratio of -5.16 and a beta of 1.05. The company has a current ratio of 3.67, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Educational Development has a twelve month low of $1.11 and a twelve month high of $2.95.

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

Institutional Investors Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Needham Investment Management LLC raised its position in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 805,000 shares of the company’s stock after buying an additional 55,000 shares during the quarter. Needham Investment Management LLC owned 9.38% of Educational Development worth $1,884,000 at the end of the most recent 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.