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

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

Educational Development Stock Up 0.6 %

Shares of NASDAQ:EDUC opened at $1.61 on Friday. Educational Development has a 1 year low of $0.99 and a 1 year high of $2.95. The company has a market capitalization of $13.82 million, a PE ratio of -5.03 and a beta of 1.05. The business has a fifty day moving average price of $1.87 and a two-hundred day moving average price of $1.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 1.46.

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

Hedge Funds Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Needham Investment Management LLC grew its position in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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.