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

StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUC) in a report published on Wednesday. The firm issued a strong-buy rating on the stock.

Educational Development Stock Performance

EDUC opened at $2.18 on Wednesday. The company has a current ratio of 3.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $18.68 million, a PE ratio of 109.05 and a beta of 1.19. The firm’s 50-day moving average price is $2.08 and its 200 day moving average price is $1.49. Educational Development has a twelve month low of $0.80 and a twelve month high of $2.95.

Hedge Funds Weigh In On Educational Development

An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC bought a new stake in Educational Development Co. (NASDAQ:EDUC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 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. Institutional investors and hedge funds own 19.60% of the company’s stock.

Educational Development Company Profile

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.