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

by · The Cerbat Gem

StockNews.com began coverage on shares of Educational Development (NASDAQ:EDUC – Free Report) in a research report released on Monday. The firm issued a strong-buy rating on the stock.

Educational Development Price Performance

Shares of NASDAQ:EDUC opened at $1.27 on Monday. 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 50 day moving average price of $1.26 and a 200 day moving average price of $1.58. The company has a market cap of $10.90 million, a price-to-earnings ratio of -1.92 and a beta of 1.17. Educational Development has a twelve month low of $0.92 and a twelve month high of $2.49.

Hedge Funds Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC grew its stake in Educational Development Co. (NASDAQ:EDUC – Free Report) by 30.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,675 shares of the company’s stock after purchasing an additional 18,333 shares during the period. Ridgewood Investments LLC owned about 0.92% of Educational Development worth $108,000 as of its most recent SEC filing. 19.60% of the stock is owned by hedge funds and other institutional investors.

About Educational Development

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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.

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