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

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research report released on Wednesday morning. The brokerage issued a strong-buy rating on the stock.

Educational Development Stock Performance

Shares of NASDAQ EDUC opened at $2.17 on Wednesday. The company has a market capitalization of $18.60 million, a P/E ratio of 108.55 and a beta of 1.19. The business’s 50-day moving average price is $2.06 and its two-hundred day moving average price is $1.48. Educational Development has a one year low of $0.80 and a one year 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.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Educational Development stock. Ridgewood Investments LLC acquired a new position in Educational Development Co. (NASDAQ:EDUC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned approximately 0.28% of Educational Development at the end of the most recent quarter. Institutional investors own 19.60% of the company’s stock.

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.