Barnes & Noble Education (NYSE:BNED) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Barnes & Noble Education, Inc (NYSE:BNED) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.96 and traded as low as $8.83. Barnes & Noble Education shares last traded at $9.39, with a volume of 360,600 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Barnes & Noble Education in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Barnes & Noble Education Stock Up 4.9%

The business has a 50-day moving average of $8.96 and a 200 day moving average of $8.84. The company has a market capitalization of $319.73 million, a PE ratio of -33.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 0.79.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings data on Tuesday, January 20th. The specialty retailer reported ($0.47) earnings per share (EPS) for the quarter. The firm had revenue of $288.16 million for the quarter. Barnes & Noble Education had a negative return on equity of 22.09% and a negative net margin of 0.56%.

Hedge Funds Weigh In On Barnes & Noble Education

Institutional investors and hedge funds have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Barnes & Noble Education in the 2nd quarter worth about $40,000. Cloud Capital Management LLC bought a new position in shares of Barnes & Noble Education in the 3rd quarter valued at about $57,000. Bank of America Corp DE grew its position in Barnes & Noble Education by 1,412.1% in the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 5,733 shares in the last quarter. FNY Investment Advisers LLC increased its stake in Barnes & Noble Education by 81.0% during the second quarter. FNY Investment Advisers LLC now owns 6,334 shares of the specialty retailer’s stock worth $74,000 after acquiring an additional 2,834 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Barnes & Noble Education during the second quarter valued at approximately $96,000. 38.51% of the stock is owned by hedge funds and other institutional investors.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.