Initiates Coverage on Educational Development (NASDAQ:EDUC) started coverage on shares of Educational Development (NASDAQ:EDUCGet Rating) in a research report released on Monday morning. The firm 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 report on Friday, October 7th.

Educational Development Stock Performance

Shares of EDUC opened at $2.76 on Monday. Educational Development has a one year low of $2.00 and a one year high of $9.87. The company has a 50-day moving average of $2.49 and a two-hundred day moving average of $3.43. The stock has a market cap of $23.96 million, a price-to-earnings ratio of 9.85 and a beta of 0.95. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.09 and a quick ratio of 0.26.

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

Hedge Funds Weigh In On Educational Development

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Educational Development by 1.7% during the third quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock valued at $681,000 after acquiring an additional 4,750 shares in the last quarter. Hodges Capital Management Inc. bought a new position in shares of Educational Development in the third quarter valued at approximately $32,000. State Street Corp bought a new position in shares of Educational Development in the second quarter valued at approximately $65,000. Needham Investment Management LLC raised its position in shares of Educational Development by 55.2% in the second 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 period. Finally, Morgan Dempsey Capital Management LLC bought a new position in shares of Educational Development in the first quarter valued at approximately $367,000. Institutional investors own 23.39% of the company’s stock.

Educational Development Company Profile

(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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