StockNews.com Initiates Coverage on Educational Development (NASDAQ:EDUC)

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

Educational Development Price Performance

EDUC opened at $2.17 on Wednesday. The stock has a market cap of $18.60 million, a P/E ratio of 108.55 and a beta of 1.19. Educational Development has a 12 month low of $0.80 and a 12 month high of $2.95. The company has a quick ratio of 1.24, a current ratio of 3.64 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $2.06 and a 200 day simple moving average of $1.48.

Institutional Investors 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) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned approximately 0.28% of Educational Development as of its most recent filing with the Securities and Exchange Commission. 19.60% of the stock is currently 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.