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

StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUC) in a research note released on Wednesday morning. The brokerage issued a strong-buy rating on the stock.

Educational Development Trading Up 2.5 %

Shares of NASDAQ:EDUC traded up $0.05 during midday trading on Wednesday, reaching $2.09. The company’s stock had a trading volume of 4,695 shares, compared to its average volume of 22,880. Educational Development has a fifty-two week low of $0.80 and a fifty-two week high of $2.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.40 and a current ratio of 3.74. The firm has a 50 day moving average price of $1.97 and a two-hundred day moving average price of $1.99. The firm has a market capitalization of $17.92 million, a price-to-earnings ratio of 73.00 and a beta of 1.07.

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

Institutional Investors Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC lifted its position in shares of Educational Development Co. (NASDAQ:EDUC) by 93.2% during the second quarter, according to its most recent disclosure 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 0.53% of Educational Development worth $85,000 at the end of the most recent reporting period. 19.60% of the stock is owned by institutional investors and hedge funds.

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.