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

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

Educational Development Stock Down 14.7 %

NASDAQ EDUC opened at $1.92 on Tuesday. Educational Development has a 52 week low of $0.80 and a 52 week high of $2.95. The company has a quick ratio of 1.24, a current ratio of 3.64 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $16.45 million, a P/E ratio of 96.05 and a beta of 1.19. The stock’s 50-day moving average price is $2.04 and its 200-day moving average price is $1.45.

Hedge Funds Weigh In On Educational Development

Large investors have recently added to or reduced their stakes in the company. Needham Investment Management LLC lifted its stake in shares of Educational Development by 77.8% during the 4th quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock valued at $1,264,000 after buying an additional 175,000 shares in the last quarter. Morgan Dempsey Capital Management LLC bought a new stake in Educational Development during the first quarter valued at about $367,000. Ridgewood Investments LLC bought a new stake in Educational Development during the first quarter valued at about $49,000. State Street Corp purchased a new position in shares of Educational Development in the second quarter valued at about $65,000. Finally, Vanguard Group Inc. grew its position in shares of Educational Development by 1.7% during the third quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock worth $681,000 after purchasing an additional 4,750 shares in the last quarter. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Educational Development Company Profile

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.