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After posting record financial results a year ago, sales at Educational Development Corp. plunged 43%, in the quarter ended May 31, 2022, and the company reported quarterly net income of $216,000, compared to $3.4 million last year.
The Journal Record Stock Index enjoyed another strong week, jumping forward 119.30 points, or 5.54%, and closing at 2,271.50 points. Advancing issues nearly shut out declining issues at a 21-to-1 count.
StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC – Get Rating) in a research note issued on Monday. The firm set a “strong-buy” rating on the stock. Shares of NASDAQ EDUC opened at $7.50 on Monday. The firm has a market capitalization of $65.30 million, a PE ratio of 6.25 and a beta of […]
After falling 4% in 2020, the Publishers Weekly Stock Index had a strong rebound in 2021, rising 32% for the year, well ahead of the 18.7% gain posted by the Dow Jones Industrial Average, with several companies seeing a reversal of fortune in the year.
OK STABLE tax deduction enacted OKLAHOMA CITY â Oklahomans who save and invest using OK STABLE, the state-sponsored ABLE Act program for people with disabilities, will be able to deduct contributions from their state taxes, State Treasurer Randy McDaniel announced. The tax deduction is identical to the one offered for contributions to the Oklahoma 529 College Savings Plan and will be in effect starting with 2021 income tax filing. The new law allows couples to deduct up to $20,000 in contributions per year from their state taxable income. Single taxpayers can deduct contributions of up t...