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

Investment analysts at StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUC) in a note issued to investors on Tuesday. The firm set a “strong-buy” rating on the stock.

Educational Development Stock Performance

NASDAQ:EDUC opened at $2.13 on Tuesday. Educational Development has a 1 year low of $0.80 and a 1 year high of $2.95. The firm has a 50 day moving average of $2.04 and a 200-day moving average of $1.45. The company has a current ratio of 3.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $18.25 million, a P/E ratio of 106.55 and a beta of 1.19.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Ridgewood Investments LLC bought a new position in shares of Educational Development in the first quarter valued at approximately $49,000. State Street Corp bought a new position in shares of Educational Development in the second quarter valued at approximately $65,000. Morgan Dempsey Capital Management LLC bought a new position in shares of Educational Development in the first quarter valued at approximately $367,000. Vanguard Group Inc. raised its position in Educational Development by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock worth $681,000 after purchasing an additional 4,750 shares during the last quarter. Finally, Needham Investment Management LLC raised its position in Educational Development by 77.8% in the 4th quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock worth $1,264,000 after purchasing an additional 175,000 shares during the last quarter. Institutional investors own 19.60% of the company’s stock.

About Educational Development

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.