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

by · The Cerbat Gem

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC – Free Report) in a research note issued to investors on Tuesday. The firm issued a strong-buy rating on the stock.

Educational Development Trading Down 0.4 %

EDUC stock opened at $2.23 on Tuesday. The company has a market capitalization of $19.12 million, a price-to-earnings ratio of 74.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.74 and a quick ratio of 1.40. Educational Development has a 1-year low of $0.80 and a 1-year high of $2.95. The business has a 50 day simple moving average of $2.09 and a two-hundred day simple moving average of $2.07.

Educational Development (NASDAQ:EDUC – Get Free Report) last posted its earnings results on Thursday, July 11th. The company reported ($0.15) earnings per share for the quarter. The company had revenue of $9.99 million for the quarter. Educational Development had a net margin of 0.30% and a return on equity of 0.31%.

Institutional Trading of Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC lifted its holdings in Educational Development Co. (NASDAQ:EDUC – Free Report) by 93.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,600 shares of the company’s stock after purchasing an additional 22,000 shares during the quarter. Ridgewood Investments LLC owned 0.53% of Educational Development worth $85,000 at the end of the most recent quarter. 19.60% of the stock is owned by institutional investors.

About Educational Development

(Get Free Report)

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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