Barnes & Noble Education (NYSE:BNED) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Barnes & Noble Education, Inc (NYSE:BNED) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.78 and traded as low as $7.73. Barnes & Noble Education shares last traded at $8.0160, with a volume of 366,281 shares changing hands.

Analyst Upgrades and Downgrades

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

Barnes & Noble Education Stock Performance

The company’s 50-day moving average price is $8.78 and its two-hundred day moving average price is $8.77. The company has a market capitalization of $274.87 million, a price-to-earnings ratio of -28.63 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 released its earnings results on Tuesday, January 20th. The specialty retailer reported ($0.47) earnings per share (EPS) for the quarter. Barnes & Noble Education had a negative net margin of 0.56% and a negative return on equity of 22.09%. The firm had revenue of $288.16 million during the quarter.

Hedge Funds Weigh In On Barnes & Noble Education

Several institutional investors have recently added to or reduced their stakes in BNED. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Barnes & Noble Education during the 2nd quarter worth approximately $40,000. Royal Bank of Canada lifted its position in shares of Barnes & Noble Education by 261.1% during the 4th quarter. Royal Bank of Canada now owns 3,972 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 2,872 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Barnes & Noble Education by 205.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,326 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 2,910 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in Barnes & Noble Education in the third quarter worth $57,000. Finally, Bank of America Corp DE increased its stake 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 valued at $62,000 after purchasing an additional 5,733 shares in the last quarter. 38.51% of the stock is owned by institutional investors and hedge funds.

About Barnes & Noble Education

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.