Barnes & Noble Education (NYSE:BNED) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Barnes & Noble Education, Inc. (NYSE:BNED) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.13 and traded as low as $9.45. Barnes & Noble Education shares last traded at $9.75, with a volume of 173,675 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, September 12th.

Barnes & Noble Education Stock Up 1.9 %

The firm’s fifty day simple moving average is $10.13 and its 200 day simple moving average is $15.17. 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 company has a market cap of $266.08 million, a price-to-earnings ratio of 0.94 and a beta of 2.10.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Tuesday, September 10th. The specialty retailer reported ($3.07) earnings per share (EPS) for the quarter. The firm 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 Inflows and Outflows

A hedge fund recently bought a new stake in Barnes & Noble Education stock. Virtu Financial LLC purchased a new stake in Barnes & Noble Education, Inc. (NYSE:BNED) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 currently owned by institutional investors and hedge funds.

About Barnes & Noble Education

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.