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

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

Educational Development Stock Performance

EDUC stock opened at $2.14 on Friday. The company has a market cap of $18.32 million, a P/E ratio of 71.19 and a beta of 1.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.74 and a quick ratio of 1.40. Educational Development has a 1 year low of $0.80 and a 1 year high of $2.95. The stock’s fifty day moving average price is $1.92 and its 200-day moving average price is $1.93.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings results on Thursday, July 11th. The company reported ($0.15) earnings per share (EPS) for the quarter. Educational Development had a net margin of 0.30% and a return on equity of 0.31%. The firm 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 bought a new stake in shares of Educational Development Co. (NASDAQ:EDUC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned approximately 0.28% of Educational Development as of its most recent filing with the Securities and Exchange Commission (SEC). 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.