Research analysts at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC – Get Rating) in a research note issued to investors on Monday. The firm set a “strong-buy” rating on the stock.
Separately, TheStreet downgraded Educational Development from a “c-” rating to a “d+” rating in a research note on Friday, October 7th.
Educational Development Stock Performance
EDUC opened at $2.87 on Monday. The company has a market cap of $24.93 million, a PE ratio of 10.25 and a beta of 0.95. The stock has a 50-day moving average of $2.50 and a 200-day moving average of $3.47. Educational Development has a 52-week low of $2.00 and a 52-week high of $9.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.26 and a current ratio of 3.09.
Hedge Funds Weigh In On Educational Development
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of 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 in the last quarter. Needham Investment Management LLC increased its position in shares of Educational Development by 55.2% during the second quarter. Needham Investment Management LLC now owns 225,000 shares of the company’s stock valued at $950,000 after acquiring an additional 80,000 shares during the last quarter. Morgan Dempsey Capital Management LLC bought a new position in Educational Development during the first quarter valued at $367,000. State Street Corp bought a new position in Educational Development during the second quarter valued at $65,000. Finally, Hodges Capital Management Inc. bought a new position in shares of Educational Development in the third quarter worth $32,000. Institutional investors and hedge funds own 23.39% of the company’s stock.
About Educational Development
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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