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

Stock analysts at StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUC) in a report issued on Sunday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Price Performance

Educational Development stock opened at $1.66 on Friday. The business has a 50 day simple moving average of $1.83 and a 200 day simple moving average of $1.98. Educational Development has a one year low of $1.11 and a one year high of $2.95. The company has a market capitalization of $14.25 million, a PE ratio of -5.19 and a beta of 1.06. 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 announced its earnings results on Thursday, October 10th. The company reported ($0.22) EPS for the quarter. The business had revenue of $6.51 million during the quarter. Educational Development had a negative return on equity of 6.08% and a negative net margin of 6.42%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Educational Development stock. Needham Investment Management LLC increased its holdings in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 805,000 shares of the company’s stock after purchasing an additional 55,000 shares during the period. Needham Investment Management LLC owned approximately 9.38% of Educational Development worth $1,884,000 at the end of the most recent quarter. 19.60% of the stock is owned by institutional investors and hedge funds.

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.