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

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a research note released on Thursday. The firm issued a strong-buy rating on the stock.

Educational Development Price Performance

Shares of EDUC stock opened at $1.90 on Thursday. The firm has a market capitalization of $16.28 million, a price-to-earnings ratio of 95.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.24 and a current ratio of 3.64. The stock’s 50-day simple moving average is $2.11 and its 200-day simple moving average is $1.54. Educational Development has a fifty-two week low of $0.80 and a fifty-two week high of $2.95.

Institutional Investors Weigh In On Educational Development

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

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.