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

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a report released on Saturday morning. The brokerage issued a strong-buy rating on the stock.

Educational Development Stock Down 10.0 %

Shares of NASDAQ:EDUC opened at $1.20 on Friday. The firm has a market cap of $10.27 million, a P/E ratio of -1.81 and a beta of 1.12. Educational Development has a 52-week low of $0.92 and a 52-week high of $2.49. The business’s 50 day simple moving average is $1.33 and its two-hundred day simple moving average is $1.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 3.64.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC increased its holdings in Educational Development Co. (NASDAQ:EDUC) by 158.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,342 shares of the company’s stock after acquiring an additional 37,022 shares during the period. Ridgewood Investments LLC owned about 0.70% of Educational Development worth $100,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.