Barnes & Noble Education (NYSE:BNED) Trading Down 11.5% – What’s Next?

Barnes & Noble Education, Inc. (NYSE:BNED)’s share price was down 11.5% during mid-day trading on Thursday . The company traded as low as $11.14 and last traded at $11.51. Approximately 721,119 shares were traded during trading, an increase of 162% from the average daily volume of 275,584 shares. The stock had previously closed at $13.01.

Analyst Ratings Changes

Separately, StockNews.com downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a report on Thursday, November 21st.

Barnes & Noble Education Stock Performance

The firm’s fifty day moving average price is $10.19 and its 200-day moving average price is $11.60. The company has a current ratio of 1.23, a quick ratio of 0.42 and a debt-to-equity ratio of 1.54. The firm has a market cap of $347.76 million, a price-to-earnings ratio of -0.34 and a beta of 2.10.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) earnings per share for the quarter. The business had revenue of $263.43 million for the quarter. Barnes & Noble Education had a negative return on equity of 27.68% and a negative net margin of 7.17%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of Barnes & Noble Education by 104.0% in the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after purchasing an additional 77,932 shares during the last quarter. State Street Corp grew its position in shares of Barnes & Noble Education by 40.9% in the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after purchasing an additional 10,300 shares during the period. Centiva Capital LP acquired a new position in shares of Barnes & Noble Education during the 3rd quarter valued at about $169,000. Finally, DCF Advisers LLC acquired a new position in shares of Barnes & Noble Education in the 2nd quarter valued at $496,000. 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.