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

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

Educational Development Stock Up 4.0 %

Shares of NASDAQ EDUC opened at $2.10 on Friday. The firm’s 50-day moving average is $2.09 and its two-hundred day moving average is $2.04. The company has a market capitalization of $18.01 million, a PE ratio of 70.00 and a beta of 1.06. Educational Development has a 12-month low of $0.80 and a 12-month high of $2.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 1.46.

Educational Development (NASDAQ:EDUC) last announced its earnings results on Thursday, October 10th. The company reported ($0.22) EPS for the quarter. The company had revenue of $6.51 million 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

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC increased its holdings in shares of Educational Development Co. (NASDAQ:EDUC) by 93.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,600 shares of the company’s stock after purchasing an additional 22,000 shares during the quarter. Ridgewood Investments LLC owned 0.53% of Educational Development worth $85,000 as of its most recent filing with the SEC. 19.60% of the stock is owned by hedge funds and other institutional investors.

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.