Educational Development (NASDAQ:EDUC) Coverage Initiated at StockNews.com

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

Educational Development Stock Performance

NASDAQ:EDUC opened at $2.06 on Friday. 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 firm’s 50-day moving average is $2.09 and its 200-day moving average is $2.03. Educational Development has a 52-week low of $0.80 and a 52-week high of $2.95. The company has a market cap of $17.63 million, a price-to-earnings ratio of -6.42 and a beta of 1.06.

Educational Development (NASDAQ:EDUC) last released its quarterly 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 firm 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% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,600 shares of the company’s stock after purchasing an additional 22,000 shares during the quarter. Ridgewood Investments LLC owned about 0.53% of Educational Development worth $85,000 as of its most recent SEC filing. 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.