Barnes & Noble Education (NYSE:BNED) Shares Pass Below Fifty Day Moving Average – Here’s Why

Shares of 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 trading hands.

Analyst Ratings Changes

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

Barnes & Noble Education Stock Performance

The company has a market capitalization of $344.67 million, a price-to-earnings ratio of 1.21 and a beta of 2.10. The stock has a 50 day moving average of $10.13 and a 200 day moving average of $15.11. The company has a quick ratio of 0.42, a current ratio of 1.23 and a debt-to-equity ratio of 1.54.

Barnes & Noble Education (NYSE:BNED) last issued 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.

Hedge Funds Weigh In On Barnes & Noble Education

A hedge fund recently bought a new stake in Barnes & Noble Education stock. DCF Advisers LLC acquired a new stake in shares of Barnes & Noble Education, Inc. (NYSE:BNED) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 77,500 shares of the specialty retailer’s stock, valued at approximately $496,000. DCF Advisers LLC owned 0.30% of Barnes & Noble Education at the end of the most recent quarter. Hedge funds and other institutional investors own 38.51% of the company’s stock.

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.