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 note released on Tuesday. The brokerage issued a strong-buy rating on the stock.

Educational Development Trading Down 2.6 %

NASDAQ EDUC opened at $1.87 on Tuesday. The firm has a market cap of $16.05 million, a P/E ratio of -5.84 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 1.46. The stock’s 50-day moving average is $2.06 and its 200-day moving average is $2.01. Educational Development has a one year low of $0.80 and a one year high of $2.95.

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

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 Educational Development Co. (NASDAQ:EDUC) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 805,000 shares of the company’s stock after buying an additional 55,000 shares during the quarter. Needham Investment Management LLC owned approximately 9.38% of Educational Development worth $1,884,000 as of its most recent filing with the SEC. 19.60% of the stock is owned by hedge funds and other institutional investors.

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.