Educational Development (NASDAQ:EDUC) Receives New Coverage from Analysts at StockNews.com

Posted by on Jul 19th, 2023

Research analysts at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC – Get Free Report) in a research report issued on Wednesday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Stock Performance

NASDAQ:EDUC opened at $1.36 on Wednesday. Educational Development has a 1 year low of $1.00 and a 1 year high of $4.00. The stock has a market cap of $11.67 million, a price-to-earnings ratio of -3.02 and a beta of 0.88. The business has a fifty day moving average of $1.26 and a 200-day moving average of $2.47.

Educational Development (NASDAQ:EDUC – Get Free Report) last released its quarterly earnings results on Thursday, July 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.15). Educational Development had a negative return on equity of 7.87% and a negative net margin of 4.11%. The business had revenue of $14.52 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. State Street Corp acquired a new position in Educational Development during the second quarter worth about $65,000. Perritt Capital Management Inc. grew its holdings in Educational Development by 63.2% during the first quarter. Perritt Capital Management Inc. now owns 30,090 shares of the company’s stock worth $88,000 after acquiring an additional 11,652 shares during the period. Morgan Dempsey Capital Management LLC acquired a new position in Educational Development during the first quarter worth about $367,000. Vanguard Group Inc. grew 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 acquiring an additional 4,750 shares during the period. Finally, Needham Investment Management LLC grew its holdings in Educational Development by 77.8% during the fourth quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock worth $1,264,000 after acquiring an additional 175,000 shares during the period. 25.52% of the stock is owned by institutional investors and hedge funds.

About Educational Development

(Get Free Report)

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.

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