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

Equities researchers at StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a note issued to investors on Sunday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Stock Down 6.5 %

NASDAQ EDUC opened at $2.01 on Friday. The stock has a market capitalization of $17.24 million, a P/E ratio of 67.00 and a beta of 1.06. Educational Development has a 52 week low of $0.80 and a 52 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 stock has a fifty day moving average of $2.05 and a 200-day moving average of $2.04.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC increased its position in shares of Educational Development Co. (NASDAQ:EDUC) by 93.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,600 shares of the company’s stock after acquiring an additional 22,000 shares during the quarter. Ridgewood Investments LLC owned about 0.53% of Educational Development worth $85,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.