Barnes & Noble Education (NYSE:BNED) Share Price Passes Below Fifty Day Moving Average – Time to Sell?
by Teresa Graham · The Cerbat GemShares of Barnes & Noble Education, Inc (NYSE:BNED – Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.66 and traded as low as $8.64. Barnes & Noble Education shares last traded at $8.7150, with a volume of 109,258 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Barnes & Noble Education in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on BNED
Barnes & Noble Education Price Performance
The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.42. The company has a market cap of $298.92 million, a price-to-earnings ratio of -27.23 and a beta of 1.41. The business has a fifty day moving average price of $8.66 and a 200 day moving average price of $8.79.
Barnes & Noble Education (NYSE:BNED – Get Free Report) last released its earnings results on Tuesday, January 20th. The specialty retailer reported ($0.47) earnings per share (EPS) for the quarter. The business had revenue of $288.16 million during the quarter. Barnes & Noble Education had a negative net margin of 0.57% and a negative return on equity of 20.37%.
Hedge Funds Weigh In On Barnes & Noble Education
Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in Barnes & Noble Education by 261.1% in the fourth quarter. Royal Bank of Canada now owns 3,972 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 2,872 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Barnes & Noble Education during the second quarter worth $40,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Barnes & Noble Education by 205.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,326 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 2,910 shares during the last quarter. Cloud Capital Management LLC bought a new position in shares of Barnes & Noble Education in the 3rd quarter valued at $57,000. Finally, Bank of America Corp DE boosted its holdings in shares of 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 in the last quarter. 38.51% of the stock is currently owned by institutional investors and hedge funds.
Barnes & Noble Education Company Profile
Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.
Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.