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

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

EDUC opened at $4.57 on Friday. Educational Development has a 12-month low of $4.38 and a 12-month high of $15.27. The company has a current ratio of 1.90, a quick ratio of 0.12 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $6.69 and a two-hundred day simple moving average of $7.73. The company has a market cap of $39.83 million, a price-to-earnings ratio of 4.62 and a beta of 1.02.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC purchased a new position in Educational Development during the 1st quarter valued at $367,000. Needham Investment Management LLC acquired a new stake in Educational Development during the fourth quarter worth about $276,000. UBS Group AG lifted its position in shares of Educational Development by 80.9% in the third quarter. UBS Group AG now owns 3,798 shares of the company’s stock valued at $36,000 after acquiring an additional 1,698 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Educational Development by 575.5% in the third quarter. BlackRock Inc. now owns 18,516 shares of the company’s stock valued at $179,000 after acquiring an additional 15,775 shares in the last quarter. 20.40% of the stock is currently owned by hedge funds and other institutional investors.

About Educational Development (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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