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

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research report released on Thursday. The brokerage issued a strong-buy rating on the stock.

Educational Development Stock Performance

Shares of Educational Development stock traded down $0.14 during trading hours on Thursday, hitting $1.90. 24,392 shares of the company were exchanged, compared to its average volume of 19,778. The company has a current ratio of 3.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average of $2.11 and a 200-day moving average of $1.53. Educational Development has a 1 year low of $0.80 and a 1 year high of $2.95. The stock has a market capitalization of $16.28 million, a price-to-earnings ratio of 95.05 and a beta of 1.13.

Institutional Inflows and Outflows

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