Educational Development (NASDAQ:EDUC) Earns Strong-Buy Rating from Analysts at StockNews.com

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

Educational Development Trading Down 0.8 %

Shares of NASDAQ EDUC opened at $3.66 on Friday. Educational Development has a twelve month low of $2.00 and a twelve month high of $8.99. The business has a fifty day simple moving average of $3.53 and a two-hundred day simple moving average of $3.05. The firm has a market cap of $31.88 million, a PE ratio of -121.96 and a beta of 0.85. The company has a quick ratio of 0.37, a current ratio of 3.20 and a debt-to-equity ratio of 0.72.

Hedge Funds Weigh In On Educational Development

A number of large investors have recently bought and sold shares of the business. Needham Investment Management LLC boosted its stake in shares of Educational Development by 77.8% in the fourth quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock worth $1,264,000 after acquiring an additional 175,000 shares during the last quarter. Vanguard Group Inc. grew its position in Educational Development by 1.7% in the third quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock worth $681,000 after acquiring an additional 4,750 shares during the period. Hodges Capital Management Inc. purchased a new position in shares of Educational Development during the third quarter worth $32,000. State Street Corp purchased a new position in shares of Educational Development during the second quarter worth $65,000. Finally, Morgan Dempsey Capital Management LLC purchased a new position in Educational Development in the first quarter valued at $367,000. Institutional investors and hedge funds own 23.22% of the company’s stock.

Educational Development Company Profile

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Educational Development Corp. engages in the provision of educational children’s books. It operates through the Home Business and Publishing segments. The Home Business (Usborne Books & More or UBAM) segment sells books through independent consultants directly to customers by hosting home parties, through social media collaboration platforms on the internet, by hosting book fairs with school and public libraries.