Educational Development (NASDAQ:EDUC) Receives New Coverage from Analysts at StockNews.com

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

Educational Development Trading Down 1.5 %

Shares of Educational Development stock traded down $0.03 during trading on Tuesday, reaching $1.99. 13,292 shares of the stock were exchanged, compared to its average volume of 23,193. The company has a quick ratio of 1.40, a current ratio of 3.74 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $1.95 and its 200 day moving average is $1.98. The firm has a market cap of $17.06 million, a price-to-earnings ratio of 71.67 and a beta of 1.07. Educational Development has a 1 year low of $0.80 and a 1 year high of $2.95.

Educational Development (NASDAQ:EDUC) last posted its earnings results 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%.

Hedge Funds Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Ridgewood Investments LLC bought a new stake in shares of Educational Development Co. (NASDAQ:EDUC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned approximately 0.28% of Educational Development as of its most recent filing with the Securities and Exchange Commission (SEC). 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.