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

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

Educational Development Price Performance

Educational Development stock opened at $1.86 on Friday. Educational Development has a one year low of $0.80 and a one year high of $2.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 3.88. The business has a fifty day moving average of $1.94 and a two-hundred day moving average of $1.83. The company has a market cap of $15.96 million, a P/E ratio of 26.58 and a beta of 1.07.

Educational Development (NASDAQ:EDUC) last released its earnings results on Tuesday, May 21st. The company reported ($0.19) EPS for the quarter. Educational Development had a net margin of 1.07% and a return on equity of 1.20%. The business had revenue of $8.97 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Educational Development stock. Ridgewood Investments LLC acquired a new position in shares of Educational Development Co. (NASDAQ:EDUC) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned approximately 0.28% of Educational Development at the end of the most recent quarter. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Educational Development Company Profile

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.