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

Barnes & Noble Education, Inc. (NYSE:BNED)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.81 and traded as low as $10.60. Barnes & Noble Education shares last traded at $11.12, with a volume of 303,746 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st.

Barnes & Noble Education Trading Up 1.1 %

The firm’s fifty day moving average price is $10.81 and its 200-day moving average price is $10.56. The company has a market cap of $335.81 million, a price-to-earnings ratio of -0.33 and a beta of 2.12. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71.

Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Monday, December 9th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%.

Institutional Trading of Barnes & Noble Education

Large investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in Barnes & Noble Education during the 4th quarter worth $49,000. Centiva Capital LP acquired a new stake in Barnes & Noble Education in the third quarter worth about $169,000. State Street Corp grew its position in Barnes & Noble Education by 40.9% in the 3rd quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 10,300 shares in the last quarter. Geode Capital Management LLC increased its stake in Barnes & Noble Education by 104.0% during the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after buying an additional 77,932 shares during the period. Finally, Kanen Wealth Management LLC raised its position in shares of Barnes & Noble Education by 49.6% during the 4th quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock worth $23,748,000 after buying an additional 784,576 shares in the last quarter. 38.51% of the stock is currently owned by institutional investors and hedge funds.

About Barnes & Noble Education

Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.