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

StockNews.com began coverage on shares of Educational Development (NASDAQ:EDUC) in a research report report published on Friday. The firm issued a strong-buy rating on the stock.

Educational Development Stock Performance

Shares of NASDAQ:EDUC opened at $1.58 on Friday. The company has a current ratio of 3.67, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Educational Development has a 12 month low of $0.88 and a 12 month high of $2.95. The company has a market cap of $13.56 million, a price-to-earnings ratio of -4.94 and a beta of 1.05. The company has a 50-day moving average price of $1.92 and a 200-day moving average price of $1.99.

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

Institutional Investors Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC lifted its holdings in Educational Development Co. (NASDAQ:EDUC) by 93.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,600 shares of the company’s stock after purchasing an additional 22,000 shares during the period. Ridgewood Investments LLC owned about 0.53% of Educational Development worth $85,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.