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

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research report issued to clients and investors on Friday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Stock Up 4.0 %

Shares of Educational Development stock opened at $2.10 on Friday. Educational Development has a 52-week low of $0.80 and a 52-week high of $2.95. The company has a current ratio of 3.67, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The company’s 50-day simple moving average is $2.09 and its 200-day simple moving average is $2.05.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Thursday, October 10th. The company reported ($0.22) earnings per share (EPS) for the quarter. Educational Development had a negative return on equity of 6.08% and a negative net margin of 6.42%. The firm had revenue of $6.51 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC boosted its stake in shares of Educational Development Co. (NASDAQ:EDUC) by 93.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,600 shares of the company’s stock after buying an additional 22,000 shares during the quarter. Ridgewood Investments LLC owned 0.53% of Educational Development worth $85,000 as of its most recent filing with the Securities and Exchange Commission. 19.60% of the stock is currently owned by institutional investors.

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.