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

Barnes & Noble Education, Inc. (NYSE:BNED)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.39 and traded as low as $9.69. Barnes & Noble Education shares last traded at $9.74, with a volume of 382,417 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st.

Barnes & Noble Education Stock Performance

The company has a market cap of $331.65 million, a PE ratio of -0.29 and a beta of 2.23. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87. The firm’s 50-day simple moving average is $10.39 and its two-hundred day simple moving average is $10.41.

Hedge Funds Weigh In On Barnes & Noble Education

Several large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Barnes & Noble Education in the 4th quarter valued at $34,000. Geode Capital Management LLC lifted its stake in shares of Barnes & Noble Education by 2.6% in the 4th 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 period. FNY Investment Advisers LLC acquired a new position in shares of Barnes & Noble Education in the 4th quarter valued at $49,000. Bank of America Corp DE lifted its stake in shares of 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 valued at $62,000 after purchasing an additional 5,733 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Barnes & Noble Education by 362.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer’s stock valued at $94,000 after purchasing an additional 7,310 shares during the period. 38.51% of the stock is currently owned by institutional investors and hedge funds.

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.