Barnes & Noble Education (NYSE:BNED) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Barnes & Noble Education, Inc (NYSE:BNED) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.78 and traded as low as $7.73. Barnes & Noble Education shares last traded at $8.0160, with a volume of 366,281 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Barnes & Noble Education in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Barnes & Noble Education Stock Performance

The firm has a market cap of $274.87 million, a P/E ratio of -28.63 and a beta of 1.43. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average is $8.78 and its two-hundred day moving average is $8.77.

Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Tuesday, January 20th. The specialty retailer reported ($0.47) earnings per share for the quarter. The company had revenue of $288.16 million during the quarter. Barnes & Noble Education had a negative net margin of 0.56% and a negative return on equity of 22.09%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BNED. Bank of America Corp DE grew its position in Barnes & Noble Education by 1,412.1% in the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 5,733 shares in the last quarter. Kanen Wealth Management LLC grew its holdings in shares of Barnes & Noble Education by 30.6% in the first quarter. Kanen Wealth Management LLC now owns 3,090,043 shares of the specialty retailer’s stock valued at $32,445,000 after acquiring an additional 724,683 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Barnes & Noble Education by 96.6% in the first quarter. Goldman Sachs Group Inc. now owns 104,205 shares of the specialty retailer’s stock valued at $1,094,000 after acquiring an additional 51,190 shares in the last quarter. FNY Investment Advisers LLC increased its position in shares of Barnes & Noble Education by 81.0% during the second quarter. FNY Investment Advisers LLC now owns 6,334 shares of the specialty retailer’s stock valued at $74,000 after acquiring an additional 2,834 shares during the last quarter. Finally, AlphaQuest LLC lifted its holdings in Barnes & Noble Education by 60.8% during the second quarter. AlphaQuest LLC now owns 14,417 shares of the specialty retailer’s stock worth $170,000 after acquiring an additional 5,449 shares during the period. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

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.