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

Analysts at StockNews.com began coverage on shares of Educational Development (NASDAQ:EDUC) in a note issued to investors on Tuesday. The firm set a “strong-buy” rating on the stock.

Educational Development Stock Up 1.0 %

Shares of NASDAQ EDUC opened at $1.65 on Tuesday. The stock has a market cap of $14.17 million, a PE ratio of -5.16 and a beta of 1.06. Educational Development has a 52-week low of $1.36 and a 52-week high of $2.95. The business has a 50-day moving average price of $1.76 and a 200 day moving average price of $1.96. The company has a quick ratio of 1.46, a current ratio of 3.67 and a debt-to-equity ratio of 0.61.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings data on Monday, January 13th. The company reported ($0.10) 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%.

Institutional Investors Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC raised its stake in Educational Development Co. (NASDAQ:EDUC) by 158.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,342 shares of the company’s stock after purchasing an additional 37,022 shares during the quarter. Ridgewood Investments LLC owned 0.70% of Educational Development worth $100,000 at the end of the most recent reporting period. 19.60% of the stock is currently 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.