Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.75 and traded as low as $10.37. Barnes & Noble Education shares last traded at $10.57, with a volume of 111,184 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Barnes & Noble Education from a "hold" rating to a "sell" rating in a research report on Thursday, September 12th.
Read Our Latest Report on BNED
Barnes & Noble Education Trading Down 1.9 %
The company has a current ratio of 1.23, a quick ratio of 0.42 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $272.30 million, a P/E ratio of -0.14 and a beta of 2.12. The firm has a 50-day moving average of $10.75 and a two-hundred day moving average of $18.16.
Barnes & Noble Education (NYSE:BNED - Get Free Report) last announced its quarterly earnings data on Tuesday, September 10th. The specialty retailer reported ($3.07) earnings per share for the quarter. Barnes & Noble Education had a negative return on equity of 27.68% and a negative net margin of 7.17%. The business had revenue of $263.43 million for the quarter.
Hedge Funds Weigh In On Barnes & Noble Education
A hedge fund recently bought a new stake in Barnes & Noble Education stock. Virtu Financial LLC bought a new position in Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 76,733 shares of the specialty retailer's stock, valued at approximately $56,000. Virtu Financial LLC owned approximately 0.14% of Barnes & Noble Education as of its most recent SEC filing. 38.51% of the stock is owned by institutional investors and hedge funds.
About Barnes & Noble Education
(
Get Free Report)
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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