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

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a research report sent to investors on Saturday morning. The brokerage issued a strong-buy rating on the stock.

Educational Development Price Performance

Educational Development stock opened at $2.07 on Friday. The company’s fifty day moving average price is $2.09 and its 200 day moving average price is $2.03. Educational Development has a 1 year low of $0.80 and a 1 year high of $2.95. The stock has a market capitalization of $17.76 million, a P/E ratio of -6.47 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 3.67.

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 during the quarter.

Institutional Investors Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC grew its position in Educational Development Co. (NASDAQ:EDUC) by 93.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,600 shares of the company’s stock after buying an additional 22,000 shares during the period. Ridgewood Investments LLC owned 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.