Education Development Coverage (NASDAQ:EDUC) Launched on StockNews.com


StockNews.com began to cover the shares of Educational development (NASDAQ: EDUCGet a rating) in a research report delivered Tuesday to clients and investors. The brokerage has set a “Strong Buy” rating on the stock.

Shares of EDUC opened at $7.31 on Tuesday. Educational Development has a 52-week minimum of $6.96 and a 52-week maximum of $18.60. The company has a quick ratio of 0.17, a current ratio of 1.94 and a debt ratio of 0.49. The stock has a market capitalization of $63.60 million, a P/E ratio of 6.09 and a beta of 0.95. The company has a 50-day moving average of $7.76.

A number of hedge funds and other institutional investors have recently increased or reduced their stake in EDUC. Needham Investment Management LLC acquired a new education development position in Q4 valued at approximately $276,000. BlackRock Inc. increased its educational development holdings by 575.5% in Q3. BlackRock Inc. now owns 18,516 shares of the company worth $179,000 after purchasing an additional 15,775 shares during the period. Finally, UBS Group AG increased its stake in Educational Development by 80.9% in the third quarter. UBS Group AG now owns 3,798 shares of the company worth $36,000 after purchasing an additional 1,698 shares during the period. 19.65% of the shares are held by institutional investors.

About instructional development (Get a rating)

Educational Development Corporation, a publishing company, operates as a commercial co-publisher of educational children’s books in the United States. The company offers various books, including tactile board books, activity books and flashcards, adventure and research books, art books, sticker books and foreign language books, as well as science and math titles, chapter books and novels.

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Sara H. Byrd