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

Analysts at StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a research report issued to clients and investors on Tuesday. The firm set a “strong-buy” rating on the stock.

Educational Development Price Performance

EDUC opened at $1.87 on Tuesday. The company has a current ratio of 3.67, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $16.05 million, a P/E ratio of -5.84 and a beta of 1.07. The stock has a 50-day moving average price of $2.06 and a 200-day moving average price of $2.01. Educational Development has a 12-month low of $0.80 and a 12-month high of $2.95.

Educational Development (NASDAQ:EDUC) last issued its earnings results on Thursday, October 10th. The company reported ($0.22) earnings per share (EPS) for the quarter. Educational Development had a negative return on equity of 6.08% and a negative net margin of 6.42%. The firm had revenue of $6.51 million during the quarter.

Institutional Trading of Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC lifted its stake in Educational Development Co. (NASDAQ:EDUC) by 93.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,600 shares of the company’s stock after buying an additional 22,000 shares during the period. Ridgewood Investments LLC owned approximately 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.