Shares of Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.88 and traded as high as $10.30. Barnes & Noble Education shares last traded at $9.75, with a volume of 410,838 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Barnes & Noble Education from a "hold" rating to a "sell" rating in a research note on Thursday.
Get Our Latest Stock Report on Barnes & Noble Education
Barnes & Noble Education Stock Performance
The company has a quick ratio of 0.42, a current ratio of 1.23 and a debt-to-equity ratio of 1.54. The stock has a market cap of $271.36 million, a price-to-earnings ratio of 0.96 and a beta of 2.10. The company has a 50 day simple moving average of $9.88 and a 200 day simple moving average of $14.49.
Barnes & Noble Education (NYSE:BNED - Get Free Report) last issued its earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) EPS for the quarter. The business had revenue of $263.43 million for the quarter. Barnes & Noble Education had a negative return on equity of 27.68% and a negative net margin of 7.17%.
Institutional Trading of Barnes & Noble Education
Several hedge funds and other institutional investors have recently made changes to their positions in BNED. DCF Advisers LLC bought a new stake in Barnes & Noble Education in the second quarter valued at approximately $496,000. Geode Capital Management LLC boosted its holdings in Barnes & Noble Education by 104.0% in the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer's stock valued at $1,416,000 after acquiring an additional 77,932 shares during the last quarter. State Street Corp boosted its holdings in Barnes & Noble Education by 40.9% in the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer's stock valued at $328,000 after acquiring an additional 10,300 shares during the last quarter. Centiva Capital LP bought a new stake in Barnes & Noble Education in the third quarter valued at approximately $169,000. Finally, Virtu Financial LLC bought a new stake in Barnes & Noble Education in the first quarter valued at approximately $56,000. 38.51% of the stock is currently owned by institutional investors.
Barnes & Noble Education Company Profile
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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.
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