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

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a research note released on Monday morning. The firm issued a strong-buy rating on the stock.

Educational Development Stock Performance

Shares of EDUC stock opened at $1.29 on Monday. The company has a 50 day moving average price of $1.56 and a 200-day moving average price of $1.82. Educational Development has a 52 week low of $1.24 and a 52 week high of $2.95. The firm has a market capitalization of $11.03 million, a PE ratio of -1.95 and a beta of 1.08. The company has a quick ratio of 1.61, a current ratio of 3.64 and a debt-to-equity ratio of 0.61.

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

Institutional Trading of Educational Development

Several large investors have recently added to or reduced their stakes in EDUC. Raymond James Financial Inc. bought a new position in shares of Educational Development in the fourth quarter worth approximately $41,000. Ridgewood Investments LLC boosted its position in shares of Educational Development by 158.8% in 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 period. Finally, Needham Investment Management LLC boosted its position in shares of Educational Development by 7.3% in 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 during the period. 19.60% of the stock is currently owned by 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.