StockNews.com Initiates Coverage on Educational Development (NASDAQ:EDUC)

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

Educational Development Stock Down 3.1 %

Educational Development stock opened at $1.26 on Thursday. The company’s 50 day simple moving average is $1.44 and its 200 day simple moving average is $1.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61. The firm has a market capitalization of $10.82 million, a price-to-earnings ratio of -1.91 and a beta of 1.08. Educational Development has a fifty-two week low of $1.21 and a fifty-two week high of $2.88.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings data on Monday, January 13th. The company reported ($0.10) EPS for the quarter. Educational Development had a negative return on equity of 12.71% and a negative net margin of 15.15%.

Institutional Trading of Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC increased its stake in Educational Development Co. (NASDAQ:EDUC) by 158.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,342 shares of the company’s stock after purchasing an additional 37,022 shares during the period. Ridgewood Investments LLC owned approximately 0.70% of Educational Development worth $100,000 as of its most recent filing with the Securities and Exchange Commission. 19.60% of the stock is 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.