Educational Development (NASDAQ:EDUC) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research report report published on Tuesday morning. The brokerage issued a strong-buy rating on the stock.

Educational Development Stock Performance

NASDAQ:EDUC opened at $1.83 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. Educational Development has a fifty-two week low of $0.80 and a fifty-two week high of $2.95. The stock has a market cap of $15.72 million, a PE ratio of -5.72 and a beta of 1.07. The firm’s fifty day simple moving average is $2.05 and its 200-day simple moving average is $2.01.

Educational Development (NASDAQ:EDUC) last posted 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 company had revenue of $6.51 million for the quarter.

Hedge Funds Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC boosted its holdings in Educational Development Co. (NASDAQ:EDUC) by 93.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,600 shares of the company’s stock after acquiring an additional 22,000 shares during the period. Ridgewood Investments LLC owned 0.53% of Educational Development worth $85,000 as of its most recent filing with the Securities and Exchange Commission. 19.60% of the stock is currently 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.