Educational Development (NASDAQ:EDUC) Announces Earnings Results

Educational Development (NASDAQ:EDUC) released its quarterly earnings data on Thursday. The company reported ($0.22) EPS for the quarter, reports. Educational Development had a net margin of 0.30% and a return on equity of 0.31%. The business had revenue of $6.51 million for the quarter.

Educational Development Stock Performance

NASDAQ:EDUC opened at $2.06 on Friday. The firm has a market capitalization of $17.66 million, a PE ratio of 68.67 and a beta of 1.06. The stock’s fifty day moving average is $2.09 and its 200 day moving average is $2.07. 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.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Educational Development in a report on Wednesday. They issued a “strong-buy” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Educational Development stock. Ridgewood Investments LLC purchased a new position in shares of Educational Development Co. (NASDAQ:EDUC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned about 0.28% of Educational Development as of its most recent filing with the Securities and Exchange Commission. 19.60% of the stock is owned by hedge funds and other institutional investors.

Educational Development Company Profile

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.