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

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a report issued on Tuesday. The firm set a “strong-buy” rating on the stock.

Educational Development Trading Up 0.5 %

EDUC opened at $1.88 on Tuesday. The firm has a market capitalization of $16.13 million, a price-to-earnings ratio of -5.92 and a beta of 1.07. The company’s 50 day simple moving average is $2.06 and its two-hundred day simple moving average is $2.01. Educational Development has a 1-year low of $0.80 and a 1-year high of $2.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 1.46.

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

Institutional Investors Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC lifted its position in shares of Educational Development Co. (NASDAQ:EDUC) by 93.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,600 shares of the company’s stock after buying an additional 22,000 shares during the period. Ridgewood Investments LLC owned approximately 0.53% of Educational Development worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.