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

Posted by on Jun 25th, 2023

Research analysts at StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC – Get Rating) in a research note issued to investors on Sunday. The firm set a “strong-buy” rating on the stock.

Educational Development Price Performance

Shares of EDUC stock opened at $1.18 on Friday. The company’s fifty day simple moving average is $1.55 and its two-hundred day simple moving average is $2.70. Educational Development has a 52 week low of $1.00 and a 52 week high of $4.61. The stock has a market cap of $10.12 million, a P/E ratio of -3.81 and a beta of 0.90.

Educational Development (NASDAQ:EDUC – Get Rating) last issued its quarterly earnings results on Thursday, May 11th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $14.98 million for the quarter. Educational Development had a negative net margin of 2.60% and a negative return on equity of 5.39%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EDUC. Needham Investment Management LLC increased its stake in Educational Development by 77.8% during the 4th quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock valued at $1,264,000 after purchasing an additional 175,000 shares in the last quarter. Morgan Dempsey Capital Management LLC acquired a new stake in Educational Development during the first quarter valued at $367,000. State Street Corp acquired a new stake in Educational Development during the second quarter valued at $65,000. Perritt Capital Management Inc. grew its position in Educational Development by 63.2% during the first quarter. Perritt Capital Management Inc. now owns 30,090 shares of the company’s stock valued at $88,000 after buying an additional 11,652 shares during the period. Finally, Vanguard Group Inc. grew 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 buying an additional 4,750 shares during the period. Institutional investors and hedge funds own 25.52% of the company’s stock.

Educational Development Company Profile

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Educational Development Corp. engages in the provision of educational children’s books. It operates through the PaperPie and Publishing segments. The PaperPie 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.

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