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

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC – Get Rating) in a research note issued to investors on Tuesday morning. The firm issued a strong-buy rating on the stock.

Separately, TheStreet downgraded 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 $3.38 on Tuesday. The company’s fifty day moving average is $3.24 and its 200-day moving average is $3.03. Educational Development has a 12 month low of $2.00 and a 12 month high of $8.99. The firm has a market cap of $29.45 million, a price-to-earnings ratio of -112.63 and a beta of 0.92. The company has a quick ratio of 0.37, a current ratio of 3.20 and a debt-to-equity ratio of 0.72.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EDUC. Hodges Capital Management Inc. bought a new position in Educational Development in the third quarter valued at approximately $32,000. State Street Corp acquired a new position in Educational Development during the second quarter worth $65,000. Morgan Dempsey Capital Management LLC acquired a new position in Educational Development during the first quarter worth $367,000. Vanguard Group Inc. increased its holdings in Educational Development by 1.7% during the third quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock worth $681,000 after buying an additional 4,750 shares during the last quarter. Finally, Needham Investment Management LLC increased its holdings in Educational Development by 55.2% during the second quarter. Needham Investment Management LLC now owns 225,000 shares of the company’s stock worth $950,000 after buying an additional 80,000 shares during the last quarter. Institutional investors and hedge funds own 23.22% of the company’s stock.

About Educational Development

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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.