Barnes & Noble Education (NYSE:BNED) Shares Pass Below 50-Day Moving Average – Should You Sell?

Barnes & Noble Education, Inc. (NYSE:BNED)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.13 and traded as low as $9.45. Barnes & Noble Education shares last traded at $9.75, with a volume of 173,675 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, September 12th.

Barnes & Noble Education Trading Up 1.9 %

The company has a market capitalization of $266.08 million, a PE ratio of 0.94 and a beta of 2.10. The company has a fifty day simple moving average of $10.13 and a 200-day simple moving average of $15.17. The company has a current ratio of 1.23, a quick ratio of 0.42 and a debt-to-equity ratio of 1.54.

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

Institutional Trading of Barnes & Noble Education

An institutional investor recently bought a new position in Barnes & Noble Education stock. Virtu Financial LLC acquired a new stake in Barnes & Noble Education, Inc. (NYSE:BNED) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,733 shares of the specialty retailer’s stock, valued at approximately $56,000. Virtu Financial LLC owned about 0.14% of Barnes & Noble Education as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Company Profile

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.