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

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

Educational Development Price Performance

Educational Development stock opened at $1.87 on Tuesday. The business’s 50-day simple moving average is $2.06 and its 200 day simple moving average is $2.01. The stock has a market cap of $16.05 million, a price-to-earnings ratio of -5.84 and a beta of 1.07. Educational Development has a 12-month low of $0.80 and a 12-month 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.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings results on Thursday, October 10th. The company reported ($0.22) earnings per share (EPS) 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 raised its stake in Educational Development Co. (NASDAQ:EDUC) by 93.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,600 shares of the company’s stock after buying 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 Securities and Exchange Commission. Institutional investors 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.