StockNews.com downgraded shares of Barnes & Noble Education (NYSE:BNED - Free Report) from a hold rating to a sell rating in a report released on Saturday.
Barnes & Noble Education Trading Up 3.7 %
NYSE BNED traded up $0.38 during trading hours on Friday, hitting $10.75. 252,528 shares of the company's stock were exchanged, compared to its average volume of 398,735. Barnes & Noble Education has a 1-year low of $6.05 and a 1-year high of $135.00. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87. The stock has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $10.29. The firm has a market cap of $366.08 million, a price-to-earnings ratio of -0.32 and a beta of 2.23.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in Barnes & Noble Education in the fourth quarter valued at $34,000. FNY Investment Advisers LLC bought a new stake in Barnes & Noble Education in the 4th quarter valued at about $49,000. Bank of America Corp DE increased its position in Barnes & Noble Education by 1,412.1% in the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock valued at $62,000 after buying an additional 5,733 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Barnes & Noble Education by 362.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer's stock worth $94,000 after buying an additional 7,310 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in Barnes & Noble Education in the fourth quarter worth approximately $122,000. Institutional investors and hedge funds own 38.51% of the company's stock.
About Barnes & Noble Education
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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.
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