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

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

Educational Development Price Performance

NASDAQ EDUC opened at $2.03 on Friday. The firm has a market capitalization of $17.37 million, a price-to-earnings ratio of -6.33 and a beta of 1.07. Educational Development has a 52 week low of $0.80 and a 52 week high of $2.95. The company has a quick ratio of 1.46, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average of $2.10 and a two-hundred day moving average of $2.03.

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

Hedge Funds Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC boosted its stake in Educational Development Co. (NASDAQ:EDUC) by 93.2% during the second quarter, according to its most recent 13F filing with the SEC. 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 0.53% of Educational Development worth $85,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 19.60% of the company’s stock.

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.