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

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

Educational Development Trading Down 0.3 %

Shares of Educational Development stock opened at $1.94 on Monday. The firm has a 50-day simple moving average of $2.08 and a two-hundred day simple moving average of $2.02. 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 fifty-two week low of $0.80 and a fifty-two week high of $2.95. The company has a market cap of $16.65 million, a P/E ratio of -6.06 and a beta of 1.07.

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

Institutional Investors Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC raised its stake in shares of Educational Development Co. (NASDAQ:EDUC) by 93.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,600 shares of the company’s stock after purchasing an additional 22,000 shares during the period. Ridgewood Investments LLC owned 0.53% of Educational Development worth $85,000 at the end of the most recent quarter. 19.60% of the stock is owned by institutional investors.

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.