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

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a note issued to investors on Tuesday. The firm set a “strong-buy” rating on the stock.

Educational Development Trading Down 1.7 %

Shares of EDUC stock opened at $2.34 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.40 and a current ratio of 3.74. Educational Development has a 1 year low of $0.80 and a 1 year high of $2.95. The stock has a fifty day moving average of $2.09 and a two-hundred day moving average of $2.06. The firm has a market capitalization of $20.07 million, a PE ratio of 78.00 and a beta of 1.06.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Educational Development stock. Ridgewood Investments LLC acquired a new stake in Educational Development Co. (NASDAQ:EDUC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned 0.28% of Educational Development as of its most recent SEC filing. 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.