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

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

Educational Development Trading Down 6.9 %

Shares of EDUC opened at $1.90 on Thursday. The stock’s fifty day simple moving average is $2.11 and its 200 day simple moving average is $1.54. Educational Development has a twelve month low of $0.80 and a twelve month high of $2.95. The company has a current ratio of 3.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $16.28 million, a P/E ratio of 95.05 and a beta of 1.13.

Institutional Trading of Educational Development

An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC bought a new stake in Educational Development Co. (NASDAQ:EDUC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.

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.