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

Investment analysts at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a report released on Sunday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Stock Down 6.1 %

Shares of NASDAQ:EDUC opened at $2.17 on Friday. The stock has a market capitalization of $18.61 million, a P/E ratio of 72.33 and a beta of 1.07. The stock’s 50-day moving average price is $1.91 and its 200-day moving average price is $1.92. The company has a current ratio of 3.74, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. Educational Development has a 12-month low of $0.80 and a 12-month high of $2.95.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings results on Thursday, July 11th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $9.99 million for the quarter. Educational Development had a return on equity of 0.31% and a net margin of 0.30%.

Hedge Funds Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Ridgewood Investments LLC purchased a new stake in shares of Educational Development Co. (NASDAQ:EDUC) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned about 0.28% of Educational Development at the end of the most recent reporting period. 19.60% of the stock is currently owned by hedge funds and other 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.