Shares of Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.31 and traded as high as $10.40. Barnes & Noble Education shares last traded at $10.09, with a volume of 360,204 shares.
Analysts Set New Price Targets
Separately, StockNews.com cut Barnes & Noble Education from a "hold" rating to a "sell" rating in a research report on Saturday.
Check Out Our Latest Stock Analysis on BNED
Barnes & Noble Education Trading Up 3.7 %
The business's 50-day moving average price is $10.28 and its 200-day moving average price is $10.29. The firm has a market capitalization of $366.08 million, a PE ratio of -0.32 and a beta of 2.23. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of Barnes & Noble Education in the fourth quarter valued at about $34,000. FNY Investment Advisers LLC purchased a new stake in Barnes & Noble Education during the 4th quarter valued at approximately $49,000. Bank of America Corp DE raised its stake in Barnes & Noble Education by 1,412.1% during the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock valued at $62,000 after acquiring an additional 5,733 shares during the last quarter. Tower Research Capital LLC TRC lifted its position 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 acquiring an additional 7,310 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Barnes & Noble Education in the 4th quarter valued at approximately $122,000. 38.51% of the stock is owned by hedge funds and other institutional investors.
Barnes & Noble Education Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Barnes & Noble Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barnes & Noble Education wasn't on the list.
While Barnes & Noble Education currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
