Barnes & Noble Education (NYSE:BNED) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Barnes & Noble Education, Inc (NYSE:BNED)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.96 and traded as low as $8.83. Barnes & Noble Education shares last traded at $9.39, with a volume of 360,600 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Barnes & Noble Education in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Barnes & Noble Education Stock Performance

The business’s 50 day simple moving average is $8.96 and its two-hundred day simple moving average is $8.84. The firm has a market capitalization of $319.73 million, a PE ratio of -33.54 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.

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

Hedge Funds Weigh In On Barnes & Noble Education

Several institutional investors have recently made changes to their positions in BNED. Centaurus Financial Inc. increased its stake in Barnes & Noble Education by 90.6% in the 2nd quarter. Centaurus Financial Inc. now owns 287,584 shares of the specialty retailer’s stock worth $3,385,000 after buying an additional 136,711 shares in the last quarter. Kanen Wealth Management LLC boosted its stake 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 worth $32,445,000 after acquiring an additional 724,683 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Barnes & Noble Education during the second quarter worth about $461,000. Los Angeles Capital Management LLC purchased a new stake in shares of Barnes & Noble Education during the second quarter worth about $143,000. Finally, Fox Run Management L.L.C. bought a new stake in Barnes & Noble Education during the 2nd quarter valued at approximately $359,000. Institutional investors own 38.51% of the company’s stock.

About Barnes & Noble Education

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.