Educational Development (NASDAQ:EDUC) Earns Strong-Buy Rating from Analysts at StockNews.com

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

Educational Development Trading Up 3.3 %

Shares of EDUC stock opened at $2.18 on Wednesday. Educational Development has a 52-week low of $0.80 and a 52-week high of $2.95. 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 firm has a market capitalization of $18.68 million, a PE ratio of 109.05 and a beta of 1.19. The stock has a fifty day simple moving average of $2.08 and a two-hundred day simple moving average of $1.49.

Institutional Investors Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Ridgewood Investments LLC purchased a new position in Educational Development Co. (NASDAQ:EDUC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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 owned by 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.