Educational Development (NASDAQ:EDUC) Receives New Coverage from Analysts at StockNews.com

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

Educational Development Trading Up 1.4 %

NASDAQ:EDUC opened at $2.11 on Monday. The company has a current ratio of 3.74, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. Educational Development has a 1-year low of $0.80 and a 1-year high of $2.95. The firm has a market capitalization of $18.10 million, a price-to-earnings ratio of 70.36 and a beta of 1.07. The business’s 50-day moving average price is $1.92 and its two-hundred day moving average price is $1.96.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings results on Thursday, July 11th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $9.99 million during the quarter. Educational Development had a net margin of 0.30% and a return on equity of 0.31%.

Hedge Funds Weigh In On Educational Development

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