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

Analysts at StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a note issued to investors on Wednesday. The firm set a “strong-buy” rating on the stock.

Educational Development Price Performance

Shares of NASDAQ:EDUC opened at $2.18 on Wednesday. The company’s fifty day moving average price is $2.07 and its 200 day moving average price is $1.48. Educational Development has a 12 month low of $0.80 and a 12 month high of $2.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.64 and a quick ratio of 1.24. The firm has a market capitalization of $18.68 million, a P/E ratio of 109.05 and a beta of 1.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC acquired a new stake in Educational Development Co. (NASDAQ:EDUC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned 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.

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.