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

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUCGet Rating) in a report published on Monday morning. The brokerage issued a strong-buy rating on the stock.

Separately, TheStreet cut shares of Educational Development from a c- rating to a d+ rating in a research note on Friday, October 7th.

Educational Development Price Performance

Shares of EDUC opened at $2.76 on Monday. The stock has a market capitalization of $23.96 million, a P/E ratio of 9.85 and a beta of 0.95. Educational Development has a twelve month low of $2.00 and a twelve month high of $9.87. The company has a 50 day moving average of $2.49 and a 200-day moving average of $3.43. The company has a quick ratio of 0.26, a current ratio of 3.09 and a debt-to-equity ratio of 0.73.

Educational Development (NASDAQ:EDUCGet Rating) last issued its quarterly earnings results on Thursday, October 6th. The company reported ($0.10) earnings per share for the quarter. Educational Development had a return on equity of 5.09% and a net margin of 2.00%. The business had revenue of $27.77 million for the quarter.

Hedge Funds Weigh In On Educational Development

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hodges Capital Management Inc. acquired a new stake in Educational Development during the 3rd quarter valued at $32,000. State Street Corp acquired a new stake in Educational Development during the 2nd quarter valued at $65,000. Morgan Dempsey Capital Management LLC acquired a new stake in Educational Development during the 1st quarter valued at $367,000. Needham Investment Management LLC lifted its holdings in Educational Development by 55.2% during the 2nd quarter. Needham Investment Management LLC now owns 225,000 shares of the company’s stock valued at $950,000 after purchasing an additional 80,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Educational Development by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock valued at $681,000 after purchasing an additional 4,750 shares during the last quarter. 23.39% of the stock is owned by institutional investors.

About Educational Development

(Get Rating)

Educational Development Corporation, a publishing company, operates as a trade co-publisher of educational children's books in the United States. It operates through two segments, Publishing and Usborne Books & More (UBAM). 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.

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