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

StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUCFree Report) in a report issued on Friday. The brokerage issued a strong-buy rating on the stock.

Educational Development Trading Down 2.1 %

EDUC opened at $1.87 on Friday. The company’s 50 day moving average is $1.71 and its 200-day moving average is $1.29. The company has a current ratio of 3.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.57. Educational Development has a 1-year low of $0.80 and a 1-year high of $3.40. The company has a market cap of $16.03 million, a P/E ratio of 93.50 and a beta of 1.18.

Educational Development (NASDAQ:EDUCGet Free Report) last released its quarterly earnings data on Thursday, January 11th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.07). The company had revenue of $16.94 million during the quarter. Educational Development had a net margin of 0.42% and a return on equity of 0.53%.

Institutional Trading of Educational Development

A number of hedge funds and other institutional investors have recently bought and sold shares of EDUC. Morgan Dempsey Capital Management LLC purchased a new position in Educational Development during the 1st quarter worth $367,000. State Street Corp purchased a new position in Educational Development during the 2nd quarter worth $65,000. Vanguard Group Inc. boosted its holdings in shares of Educational Development by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock worth $681,000 after buying an additional 4,750 shares during the last quarter. Finally, Needham Investment Management LLC boosted its holdings in shares of Educational Development by 77.8% in the 4th quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock worth $1,264,000 after buying an additional 175,000 shares during the last quarter. Institutional investors own 24.45% of the company’s stock.

About Educational Development

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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.

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