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

Equities research analysts at StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research note issued on Tuesday. The firm set a “strong-buy” rating on the stock.

Educational Development Stock Up 0.6 %

Shares of NASDAQ:EDUC opened at $1.64 on Tuesday. Educational Development has a 52-week low of $1.36 and a 52-week high of $2.95. The company has a quick ratio of 1.61, a current ratio of 3.64 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $1.74 and a two-hundred day moving average of $1.96. The stock has a market cap of $14.07 million, a P/E ratio of -2.48 and a beta of 1.06.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC boosted its position in shares of Educational Development Co. (NASDAQ:EDUC) by 158.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,342 shares of the company’s stock after acquiring an additional 37,022 shares during the period. Ridgewood Investments LLC owned about 0.70% of Educational Development worth $100,000 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.