Educational Development (NASDAQ:EDUC) Coverage Initiated by Analysts at StockNews.com

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

Educational Development Price Performance

EDUC stock opened at $1.58 on Thursday. The business has a 50 day moving average price of $1.70 and a 200 day moving average price of $1.93. The stock has a market cap of $13.56 million, a price-to-earnings ratio of -2.39 and a beta of 1.05. Educational Development has a fifty-two week low of $1.46 and a fifty-two week high of $2.95. 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 posted its earnings results on Monday, January 13th. The company reported ($0.10) earnings per share for the quarter. Educational Development had a negative return on equity of 12.71% and a negative net margin of 15.15%.

Institutional Investors Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Needham Investment Management LLC boosted its position in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 805,000 shares of the company’s stock after buying 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. Institutional investors own 19.60% of the company’s stock.

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.