Educational Development (NASDAQ:EDUC) Earns Strong-Buy Rating from Analysts at StockNews.com

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

Educational Development Price Performance

EDUC stock opened at $2.20 on Wednesday. The stock’s 50 day moving average is $2.09 and its two-hundred day moving average is $2.07. Educational Development has a 52-week low of $0.80 and a 52-week high of $2.95. The company has a market capitalization of $18.87 million, a PE ratio of 73.33 and a beta of 1.06. The company has a quick ratio of 1.40, a current ratio of 3.74 and a debt-to-equity ratio of 0.59.

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

Hedge Funds Weigh In On Educational Development

An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC acquired a new position in shares of Educational Development Co. (NASDAQ:EDUC) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned 0.28% of Educational Development as of its most recent SEC filing. 19.60% of the stock is owned by institutional investors and hedge funds.

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.