Educational Development (NASDAQ:EDUC) Now Covered by Analysts at StockNews.com

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

Educational Development Trading Down 3.3 %

NASDAQ:EDUC opened at $1.89 on Friday. Educational Development has a 12 month low of $0.80 and a 12 month high of $2.95. The firm has a market cap of $16.22 million, a price-to-earnings ratio of 27.00 and a beta of 1.13. The company has a quick ratio of 1.24, a current ratio of 3.88 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $2.18 and its 200-day moving average is $1.65.

Hedge Funds Weigh In On Educational Development

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

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.