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

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

Educational Development Trading Down 2.7 %

Educational Development stock opened at $2.17 on Tuesday. Educational Development has a one year low of $0.80 and a one year high of $2.95. The company’s fifty day moving average price is $2.09 and its two-hundred day moving average price is $2.07. The company has a market capitalization of $18.61 million, a price-to-earnings ratio of 72.67 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.74 and a quick ratio of 1.40.

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

Institutional Trading of Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC boosted its holdings in shares of Educational Development Co. (NASDAQ:EDUC) by 93.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,600 shares of the company’s stock after purchasing an additional 22,000 shares during the quarter. Ridgewood Investments LLC owned about 0.53% of Educational Development worth $85,000 at the end of the most recent quarter. 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.