Barnes & Noble Education (NYSE:BNED) Stock Passes Below 50-Day Moving Average – What’s Next?

Barnes & Noble Education, Inc (NYSE:BNED)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.38 and traded as low as $8.34. Barnes & Noble Education shares last traded at $8.39, with a volume of 249,991 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st.

Barnes & Noble Education Trading Down 2.6%

The company has a 50 day simple moving average of $10.38 and a 200 day simple moving average of $10.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.42. The company has a market capitalization of $285.71 million, a PE ratio of -0.54 and a beta of 1.68.

Institutional Investors Weigh In On Barnes & Noble Education

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Barnes & Noble Education by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 156,807 shares of the specialty retailer’s stock valued at $1,575,000 after purchasing an additional 3,968 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Barnes & Noble Education in the 4th quarter valued at $1,976,000. Marshall Wace LLP increased its stake in shares of Barnes & Noble Education by 2,751.4% in the 4th quarter. Marshall Wace LLP now owns 304,335 shares of the specialty retailer’s stock worth $3,056,000 after acquiring an additional 293,662 shares during the last quarter. Greenhaven Road Investment Management L.P. acquired a new stake in shares of Barnes & Noble Education in the 4th quarter worth $5,220,000. Finally, MYDA Advisors LLC increased its stake in shares of Barnes & Noble Education by 21.9% in the 4th quarter. MYDA Advisors LLC now owns 128,000 shares of the specialty retailer’s stock worth $1,285,000 after acquiring an additional 23,000 shares during the last quarter. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

About Barnes & Noble Education

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.