Barnes & Noble Education (NYSE:BNED) Stock Price Crosses Below 50 Day Moving Average of $25.44

Barnes & Noble Education, Inc. (NYSE:BNED)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $25.44 and traded as low as $6.44. Barnes & Noble Education shares last traded at $7.01, with a volume of 386,829 shares trading hands.

Analysts Set New Price Targets

BNED has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on Barnes & Noble Education in a research report on Wednesday, June 19th. They set a “hold” rating for the company. Needham & Company LLC reiterated a “hold” rating on shares of Barnes & Noble Education in a research report on Friday, May 24th.

Barnes & Noble Education Price Performance

The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average of $24.76 and a 200-day moving average of $69.03. The stock has a market capitalization of $3.39 million, a price-to-earnings ratio of -0.04 and a beta of 2.20.

Insider Activity at Barnes & Noble Education

In other news, Director Rory Wallace bought 202,480,772 shares of Barnes & Noble Education stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $0.05 per share, with a total value of $10,124,038.60. Following the acquisition, the director now owns 207,613,525 shares of the company’s stock, valued at $10,380,676.25. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.28% of the company’s stock.

Institutional Trading of Barnes & Noble Education

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Greenhaven Road Investment Management L.P. increased its holdings in shares of Barnes & Noble Education by 1.7% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock valued at $7,832,000 after purchasing an additional 90,003 shares during the period. Virtu Financial LLC purchased a new position in Barnes & Noble Education in the 1st quarter valued at $56,000. Finally, PEAK6 Investments LLC increased its stake in Barnes & Noble Education by 258.6% in the 3rd quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 33,539 shares during the period. 38.51% of the stock is owned by hedge funds and other institutional investors.

About Barnes & Noble Education

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.