Barnes & Noble Education (NYSE:BNED) Stock Passes Above 50 Day Moving Average - What's Next?

Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Barnes & Noble Education from a "hold" rating to a "sell" rating in a report on Thursday.

Barnes & Noble Education Stock Performance

The company has a 50-day simple moving average of $9.88 and a two-hundred day simple moving average of $14.49. The firm has a market capitalization of $269.90 million, a P/E ratio of 0.94 and a beta of 2.10. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.42 and a current ratio of 1.23.

Barnes & Noble Education (NYSE:BNED - Get Free Report) last posted its quarterly earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) EPS for the quarter. Barnes & Noble Education had a negative net margin of 7.17% and a negative return on equity of 27.68%. The firm had revenue of $263.43 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BNED. Geode Capital Management LLC raised its holdings in Barnes & Noble Education by 104.0% during 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 period. State Street Corp raised its stake in Barnes & Noble Education by 40.9% during the 3rd quarter. State Street Corp now owns 35,463 shares of the specialty retailer's stock valued at $328,000 after purchasing an additional 10,300 shares during the period. Centiva Capital LP purchased a new position in Barnes & Noble Education in the 3rd quarter worth approximately $169,000. DCF Advisers LLC bought a new position in Barnes & Noble Education in the 2nd quarter worth approximately $496,000. Finally, Virtu Financial LLC purchased a new stake in Barnes & Noble Education during the 1st quarter valued at approximately $56,000. Institutional investors own 38.51% of the company's stock.

Barnes & Noble Education Company Profile

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.