StockNews.com Begins Coverage on Educational Development (NASDAQ:EDUC)

Equities researchers at StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a research report issued on Thursday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Price Performance

Shares of NASDAQ:EDUC opened at $1.84 on Thursday. 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 stock has a market cap of $15.79 million, a PE ratio of -5.75 and a beta of 1.05. The stock’s fifty day simple moving average is $1.97 and its two-hundred day simple moving average is $2.00. Educational Development has a 1-year low of $0.84 and a 1-year high of $2.95.

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

Hedge Funds Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC increased its holdings in shares of Educational Development Co. (NASDAQ:EDUC) by 93.2% during the second 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 acquiring an additional 22,000 shares during the quarter. Ridgewood Investments LLC owned approximately 0.53% of Educational Development worth $85,000 as of its most recent SEC filing. Institutional investors and hedge funds own 19.60% of the company’s stock.

Educational Development Company Profile

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.