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

Analysts at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research note issued to investors on Friday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Price Performance

NASDAQ EDUC opened at $1.58 on Friday. The company has a market cap of $13.56 million, a PE ratio of -4.94 and a beta of 1.05. The firm’s 50 day moving average price is $1.92 and its 200-day moving average price is $1.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 3.67. Educational Development has a 52-week low of $0.88 and a 52-week high of $2.95.

Educational Development (NASDAQ:EDUC) last announced its earnings results on Thursday, October 10th. The company reported ($0.22) earnings per share (EPS) for the quarter. The company had revenue of $6.51 million for the quarter. Educational Development had a negative net margin of 6.42% and a negative return on equity of 6.08%.

Institutional Trading of Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC boosted its position in shares of Educational Development Co. (NASDAQ:EDUC) by 93.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,600 shares of the company’s stock after acquiring an additional 22,000 shares during the period. Ridgewood Investments LLC owned 0.53% of Educational Development worth $85,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other 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.