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

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

Educational Development Price Performance

NASDAQ EDUC opened at $1.95 on Friday. Educational Development has a 12-month low of $0.80 and a 12-month high of $2.95. The firm’s 50 day moving average is $2.06 and its 200-day moving average is $2.04. The company has a market capitalization of $16.72 million, a PE ratio of 65.00 and a beta of 1.06. The company has a quick ratio of 1.40, a current ratio of 3.74 and a debt-to-equity ratio of 0.59.

Educational Development (NASDAQ:EDUC) last released its earnings results 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 firm had revenue of $9.99 million during the quarter.

Institutional Investors Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC raised its holdings in Educational Development Co. (NASDAQ:EDUC) by 93.2% during the 2nd quarter, according to its most recent disclosure with the Securities & 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 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 and hedge funds.

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.