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

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research report sent to investors on Friday morning. The brokerage issued a strong-buy rating on the stock.

Educational Development Stock Performance

Shares of Educational Development stock opened at $1.58 on Friday. The company has a quick ratio of 1.46, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. Educational Development has a 52 week low of $0.88 and a 52 week high of $2.95. The firm’s 50 day moving average is $1.93 and its two-hundred day moving average is $1.99. The firm has a market capitalization of $13.56 million, a P/E ratio of -4.94 and a beta of 1.05.

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

Institutional Trading of Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC grew its position in Educational Development Co. (NASDAQ:EDUC) by 93.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. 19.60% of the stock is currently 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.