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

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

Educational Development Price Performance

EDUC stock opened at $1.85 on Thursday. The business’s fifty day moving average price is $1.97 and its 200 day moving average price is $1.81. 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 3.88, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $15.89 million, a PE ratio of 26.48 and a beta of 1.04.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Tuesday, May 21st. The company reported ($0.19) earnings per share (EPS) for the quarter. Educational Development had a return on equity of 1.20% and a net margin of 1.07%. The business had revenue of $8.97 million for the quarter.

Hedge Funds Weigh In On Educational Development

An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC bought a new position in shares of Educational Development Co. (NASDAQ:EDUC) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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 reporting period. 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.