StockNews.com Initiates Coverage on Educational Development (NASDAQ:EDUC)

Research analysts at StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a note issued to investors on Sunday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Stock Up 5.0 %

Shares of EDUC stock opened at $1.26 on Friday. The stock has a market cap of $10.82 million, a P/E ratio of -1.91 and a beta of 1.12. Educational Development has a 52 week low of $0.92 and a 52 week high of $2.49. The company has a quick ratio of 1.61, a current ratio of 3.64 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $1.29 and its two-hundred day simple moving average is $1.61.

Hedge Funds Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Raymond James Financial Inc. bought a new position in Educational Development Co. (NASDAQ:EDUC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 24,617 shares of the company’s stock, valued at approximately $41,000. Raymond James Financial Inc. owned approximately 0.29% of Educational Development at the end of the most recent reporting period. 19.60% of the stock is owned by 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.