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

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

Educational Development Trading Down 5.4 %

NASDAQ:EDUC opened at $1.85 on Thursday. The company has a fifty day moving average of $1.97 and a 200 day moving average of $1.82. Educational Development has a 52 week low of $0.80 and a 52 week high of $2.95. The firm has a market capitalization of $15.90 million, a P/E ratio of 26.48 and a beta of 1.04. The company has a quick ratio of 1.30, a current ratio of 3.88 and a debt-to-equity ratio of 0.59.

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

Institutional Trading of Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Ridgewood Investments LLC bought a new position in Educational Development Co. (NASDAQ:EDUC) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned approximately 0.28% of Educational Development as of its most recent filing with the SEC. 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.