Educational Development (NASDAQ:EDUC) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUC) in a research report issued to clients and investors on Saturday. The firm set a “strong-buy” rating on the stock.

Educational Development Price Performance

Shares of NASDAQ:EDUC opened at $2.10 on Friday. The stock has a market cap of $18.01 million, a PE ratio of 70.00 and a beta of 1.07. The company’s fifty day moving average is $2.03 and its 200 day moving average is $2.02. Educational Development has a 52 week low of $0.80 and a 52 week high of $2.95. The company has a quick ratio of 1.40, a current ratio of 3.74 and a debt-to-equity ratio of 0.59.

Educational Development (NASDAQ:EDUC) last issued its earnings results on Thursday, July 11th. The company reported ($0.15) EPS for the quarter. The business had revenue of $9.99 million during the quarter. Educational Development had a return on equity of 0.31% and a net margin of 0.30%.

Institutional Investors Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC boosted its position in Educational Development Co. (NASDAQ:EDUC) by 93.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,600 shares of the company’s stock after acquiring an additional 22,000 shares during the period. Ridgewood Investments LLC owned 0.53% of Educational Development worth $85,000 at the end of the most recent reporting period. 19.60% of the stock is owned by institutional investors and hedge funds.

About Educational Development

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.