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

Investment analysts at StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a report released on Friday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Stock Up 0.3 %

NASDAQ:EDUC opened at $1.86 on Friday. Educational Development has a 12-month low of $0.80 and a 12-month high of $2.95. The company has a quick ratio of 1.30, a current ratio of 3.88 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $15.96 million, a P/E ratio of 26.58 and a beta of 1.07. The stock’s fifty day simple moving average is $1.94 and its 200-day simple moving average is $1.83.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings results on Tuesday, May 21st. The company reported ($0.19) earnings per share (EPS) for the quarter. Educational Development had a return on equity of 1.20% and a net margin of 1.07%. The company had revenue of $8.97 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC bought a new position in shares of Educational Development Co. (NASDAQ:EDUC) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned approximately 0.28% of Educational Development at the end of the most recent quarter. 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.