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

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

Educational Development Price Performance

EDUC stock opened at $1.88 on Tuesday. The business’s fifty day moving average price is $2.06 and its 200 day moving average price is $2.01. Educational Development has a 12-month low of $0.80 and a 12-month high of $2.95. The company has a current ratio of 3.67, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $16.13 million, a PE ratio of -5.92 and a beta of 1.07.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Thursday, October 10th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $6.51 million for 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 lifted its stake in Educational Development Co. (NASDAQ:EDUC) by 93.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,600 shares of the company’s stock after purchasing an additional 22,000 shares during the period. Ridgewood Investments LLC owned about 0.53% of Educational Development worth $85,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 19.60% of the company’s stock.

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.