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

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

Educational Development Price Performance

EDUC stock opened at $2.14 on Wednesday. The firm has a 50 day moving average price of $2.06 and a 200-day moving average price of $1.48. Educational Development has a 52-week low of $0.80 and a 52-week high of $2.95. The firm has a market capitalization of $18.34 million, a price-to-earnings ratio of 107.05 and a beta of 1.19. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.24 and a current ratio of 3.64.

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 stake in shares of Educational Development Co. (NASDAQ:EDUC) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned about 0.28% of Educational Development as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.