Ridgewood Investments LLC Grows Position in Educational Development Co. (NASDAQ:EDUC)

Ridgewood Investments LLC raised its position in Educational Development Co. (NASDAQ:EDUC) by 93.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,600 shares of the company’s stock after purchasing an additional 22,000 shares during the quarter. Ridgewood Investments LLC owned 0.53% of Educational Development worth $85,000 as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Educational Development in a research report on Thursday, August 22nd. They set a “strong-buy” rating for the company.

Educational Development Trading Up 8.3 %

Educational Development stock traded up $0.16 during trading hours on Thursday, hitting $2.09. The company had a trading volume of 6,624 shares, compared to its average volume of 21,816. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.40 and a current ratio of 3.74. The firm has a market cap of $17.92 million, a P/E ratio of 64.33 and a beta of 1.07. The company has a 50-day moving average price of $2.01 and a two-hundred day moving average price of $2.01. Educational Development Co. has a 1 year low of $0.80 and a 1 year high of $2.95.

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

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.