Barnes & Noble Education (NYSE:BNED) Shares Cross Below Fifty Day Moving Average - Time to Sell?
Barnes & Noble Education (NYSE:BNED) shares fell below their 50-day moving average of $8.97, trading as low as $8.86. The stock last traded at $9.14 with a volume of 251,857 shares. The company has a market cap of $311.22 million and a debt-to-equity ratio of 0.50. Institutional investors hold 38.51% of the stock, with recent acquisitions by several hedge funds. Analysts currently rate the stock as a Hold, suggesting it may not be a top investment choice at this time.
Barnes & Noble Education, Inc (NYSE:BNED - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.97 and traded as low as $8.86. Barnes & Noble Education shares last traded at $9.14, with a volume of 251,857 shares trading hands.
Barnes & Noble Education Stock Performance
- Going Back To School With Barnes & Noble Education
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 firm has a market cap of $311.22 million, a PE ratio of -0.59 and a beta of 1.69. The firm's 50 day moving average price is $8.97 and its two-hundred day moving average price is $9.95.
Institutional Investors Weigh In On Barnes & Noble Education
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey acquired a new stake in Barnes & Noble Education during the 2nd quarter worth $40,000. Cloud Capital Management LLC acquired a new position in Barnes & Noble Education during the first quarter worth about $60,000. Bank of America Corp DE raised its position in shares of Barnes & Noble Education by 1,412.1% in the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock valued at $62,000 after buying an additional 5,733 shares during the last quarter. FNY Investment Advisers LLC increased its position in 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 worth $74,000 after purchasing an additional 2,834 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Barnes & Noble Education in the second quarter worth $96,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.
About Barnes & Noble Education
(Get Free Report)- 3 Education Stocks To Stuff Your Stocking With
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.
Read More
- Five stocks we like better than Barnes & Noble Education
- How to Invest in Small Cap Stocks
- Why Seagate Is Wall Street's New Favorite AI Infrastructure Play
- What Are Earnings Reports?
- 3 AI Infrastructure Stocks With Upside After the Summer Rally
- What Are Dividends? Buy the Best Dividend Stocks
- Can Advantage2 Help Overcome D-Wave's Share Price Plateau?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Barnes & Noble Education Right Now?
Before you consider Barnes & Noble Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barnes & Noble Education wasn't on the list.
While Barnes & Noble Education currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
