Educational Development (NASDAQ:EDUC) Announces Earnings Results

Educational Development (NASDAQ:EDUC) issued its quarterly earnings data on Thursday. The company reported ($0.22) earnings per share for the quarter, reports. Educational Development had a net margin of 0.30% and a return on equity of 0.31%. The business had revenue of $6.51 million for the quarter.

Educational Development Price Performance

Shares of EDUC stock opened at $2.06 on Friday. The firm has a fifty day moving average of $2.09 and a two-hundred day moving average of $2.07. The firm has a market cap of $17.66 million, a P/E ratio of 68.67 and a beta of 1.06. Educational Development has a 1-year low of $0.80 and a 1-year high of $2.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.74 and a quick ratio of 1.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Educational Development in a research note on Wednesday. They set a “strong-buy” rating for the company.

Hedge Funds Weigh In On Educational Development

An institutional investor recently bought a new position 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 the company in its most recent filing with the Securities & Exchange Commission. The fund bought 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned about 0.28% of Educational Development at the end of the most recent reporting period. Hedge funds and other 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.