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

Equities research analysts at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a report released on Monday. The firm set a “strong-buy” rating on the stock.

Educational Development Stock Performance

NASDAQ:EDUC opened at $1.70 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 3.67. The company has a market capitalization of $14.59 million, a P/E ratio of -5.31 and a beta of 1.06. Educational Development has a 52 week low of $1.16 and a 52 week high of $2.95. The stock’s 50 day moving average price is $1.80 and its 200 day moving average price is $1.97.

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

Hedge Funds Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC grew its holdings in Educational Development Co. (NASDAQ:EDUC) by 158.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,342 shares of the company’s stock after acquiring an additional 37,022 shares during the quarter. Ridgewood Investments LLC owned 0.70% of Educational Development worth $100,000 as of its most recent filing with the Securities and Exchange Commission. 19.60% of the stock is currently owned by 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.