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

Research analysts at StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a research report issued on Tuesday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Stock Performance

NASDAQ:EDUC opened at $1.32 on Tuesday. The company has a current ratio of 3.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $11.33 million, a price-to-earnings ratio of -2.00 and a beta of 1.17. The firm’s fifty day simple moving average is $1.26 and its 200 day simple moving average is $1.56. 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

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC boosted its position in Educational Development Co. (NASDAQ:EDUC) by 30.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,675 shares of the company’s stock after buying an additional 18,333 shares during the quarter. Ridgewood Investments LLC owned 0.92% of Educational Development worth $108,000 at the end of the most recent quarter. 19.60% of the stock is owned by institutional investors and hedge funds.

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.