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

Equities researchers at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research report issued on Thursday. The firm set a “strong-buy” rating on the stock.

Educational Development Stock Performance

Educational Development stock opened at $1.85 on Thursday. The stock’s 50 day moving average price is $1.97 and its 200 day moving average price is $1.81. The firm has a market capitalization of $15.90 million, a PE ratio of 26.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 3.88. Educational Development has a one year low of $0.80 and a one year high of $2.95.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings results on Tuesday, May 21st. The company reported ($0.19) EPS for the quarter. The company had revenue of $8.97 million for the quarter. Educational Development had a return on equity of 1.20% and a net margin of 1.07%.

Hedge Funds Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Ridgewood Investments LLC purchased a new stake in shares of Educational Development Co. (NASDAQ:EDUC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned approximately 0.28% of Educational Development at the end of the most recent quarter. 19.60% of the stock is currently owned by hedge funds and other 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.