Barnes & Noble Education (NYSE:BNED) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Barnes & Noble Education, Inc (NYSE:BNED) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.59 and traded as low as $8.33. Barnes & Noble Education shares last traded at $8.3820, with a volume of 781,362 shares changing hands.

Wall Street Analysts Forecast Growth

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

Barnes & Noble Education Price Performance

The company has a market capitalization of $287.42 million, a P/E ratio of -26.19 and a beta of 1.41. The business’s 50-day moving average is $8.59 and its two-hundred day moving average is $8.76. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings data on Tuesday, March 10th. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $515.09 million during the quarter. Barnes & Noble Education had a negative net margin of 0.57% and a negative return on equity of 20.73%.

Hedge Funds Weigh In On Barnes & Noble Education

Several institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its position in shares of Barnes & Noble Education by 557.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,313 shares of the specialty retailer’s stock valued at $86,000 after acquiring an additional 7,897 shares during the last quarter. Invesco Ltd. boosted its position in Barnes & Noble Education by 15.1% in the fourth quarter. Invesco Ltd. now owns 64,070 shares of the specialty retailer’s stock worth $589,000 after purchasing an additional 8,418 shares during the last quarter. Kanen Wealth Management LLC grew its stake in Barnes & Noble Education by 10.1% in the 4th quarter. Kanen Wealth Management LLC now owns 3,399,982 shares of the specialty retailer’s stock valued at $30,811,000 after purchasing an additional 312,054 shares during the period. XTX Topco Ltd bought a new position in Barnes & Noble Education in the 4th quarter valued at $298,000. Finally, Windward Management LP purchased a new stake in shares of Barnes & Noble Education during the 4th quarter valued at $15,623,000. 38.51% of the stock is owned by institutional investors.

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.