Educational Development (NASDAQ:EDUC) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Educational Development (NASDAQ:EDUC) in a research note released on Sunday. The firm issued a strong-buy rating on the stock.

Educational Development Stock Performance

Educational Development stock opened at $2.15 on Friday. The company has a market cap of $18.45 million, a PE ratio of 71.69 and a beta of 1.06. The company has a current ratio of 3.74, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. Educational Development has a 1 year low of $0.80 and a 1 year high of $2.95. The company’s 50-day moving average is $2.05 and its two-hundred day moving average is $2.03.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings data on Thursday, July 11th. The company reported ($0.15) earnings per share for the quarter. Educational Development had a net margin of 0.30% and a return on equity of 0.31%. The business had revenue of $9.99 million during the quarter.

Hedge Funds Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC increased its position in shares of Educational Development Co. (NASDAQ:EDUC) by 93.2% during the 2nd quarter, according to its most recent 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 quarter. Ridgewood Investments LLC owned about 0.53% of Educational Development worth $85,000 as of its most recent SEC filing. Institutional investors own 19.60% of the company’s stock.

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.