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

Investment analysts at StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a research note issued to investors on Thursday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Stock Performance

Shares of EDUC opened at $1.84 on Thursday. Educational Development has a one year low of $0.84 and a one year high of $2.95. The company has a market cap of $15.79 million, a PE ratio of -5.75 and a beta of 1.05. The stock has a 50-day moving average of $1.97 and a 200-day moving average of $2.00. 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 quarterly earnings data on Thursday, October 10th. The company reported ($0.22) EPS for the quarter. Educational Development had a negative net margin of 6.42% and a negative return on equity of 6.08%. The firm had revenue of $6.51 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC increased its holdings in Educational Development Co. (NASDAQ:EDUC) by 93.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,600 shares of the company’s stock after acquiring 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 quarter. 19.60% of the stock is currently owned by 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.