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

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

Educational Development Trading Up 1.1 %

NASDAQ:EDUC opened at $1.85 on Thursday. Educational Development has a 12 month low of $0.80 and a 12 month high of $2.95. The company has a quick ratio of 1.46, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $1.98 and its 200 day moving average is $2.00.

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

Institutional Investors Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC boosted its position in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 805,000 shares of the company’s stock after acquiring an additional 55,000 shares during the period. Needham Investment Management LLC owned 9.38% of Educational Development worth $1,884,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.