Educational Development (NASDAQ:EDUC) Earns Strong-Buy Rating from Analysts at StockNews.com

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

Educational Development Trading Up 2.5 %

Shares of NASDAQ:EDUC opened at $1.65 on Friday. 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 company’s 50-day moving average price is $1.87 and its 200 day moving average price is $1.99. The company has a market cap of $14.16 million, a PE ratio of -5.16 and a beta of 1.05. Educational Development has a fifty-two week low of $1.11 and a fifty-two week high of $2.95.

Educational Development (NASDAQ:EDUC) last released 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 business 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 lifted its stake in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 805,000 shares of the company’s stock after acquiring an additional 55,000 shares during the quarter. Needham Investment Management LLC owned about 9.38% of Educational Development worth $1,884,000 at the end of the most recent reporting period. 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.