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

Research analysts at StockNews.com began coverage on shares of Educational Development (NASDAQ:EDUC) in a research report issued to clients and investors on Wednesday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Trading Up 5.8 %

Educational Development stock opened at $2.18 on Wednesday. The firm’s 50-day moving average is $2.07 and its 200-day moving average is $1.48. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.24 and a current ratio of 3.64. Educational Development has a 1 year low of $0.80 and a 1 year high of $2.95. The company has a market cap of $18.68 million, a P/E ratio of 109.05 and a beta of 1.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC purchased a new position in Educational Development Co. (NASDAQ:EDUC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned about 0.28% of Educational Development as of its most recent filing with the Securities and Exchange Commission. 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.