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Barnes & Noble Education (NYSE:BNED) Share Price Passes Below 50-Day Moving Average of $2.65

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Shares of Barnes & Noble Education, Inc. (NYSE:BNED – Get Rating) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.65 and traded as low as $2.26. Barnes & Noble Education shares last traded at $2.38, with a volume of 141,079 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reduced their price target on shares of Barnes & Noble Education to $4.00 in a research report on Monday, July 4th. Craig Hallum reduced their price target on shares of Barnes & Noble Education to $5.00 in a research report on Monday, July 4th. Finally, StockNews.com raised shares of Barnes & Noble Education from a "sell" rating to a "hold" rating in a research report on Wednesday, July 20th.

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Barnes & Noble Education Stock Up 6.2 %

The company has a current ratio of 1.09, a quick ratio of 0.32 and a debt-to-equity ratio of 1.25. The firm's 50 day simple moving average is $2.65 and its 200-day simple moving average is $2.92. The stock has a market capitalization of $124.59 million, a price-to-earnings ratio of -1.57 and a beta of 1.91.

Barnes & Noble Education (NYSE:BNED – Get Rating) last issued its quarterly earnings results on Wednesday, June 29th. The specialty retailer reported ($0.22) earnings per share (EPS) for the quarter. Barnes & Noble Education had a negative net margin of 5.01% and a negative return on equity of 28.56%. The business had revenue of $260.83 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd bought a new stake in shares of Barnes & Noble Education during the 1st quarter worth about $27,000. Syntax Advisors LLC bought a new stake in shares of Barnes & Noble Education during the 1st quarter worth about $42,000. Laurion Capital Management LP bought a new stake in shares of Barnes & Noble Education during the 2nd quarter worth about $43,000. Graham Capital Management L.P. bought a new stake in shares of Barnes & Noble Education during the 1st quarter worth about $64,000. Finally, Walleye Trading LLC boosted its holdings in shares of Barnes & Noble Education by 83.6% during the 1st quarter. Walleye Trading LLC now owns 18,737 shares of the specialty retailer's stock worth $67,000 after buying an additional 8,530 shares during the period. Institutional investors own 60.93% of the company's stock.

About Barnes & Noble Education

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Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through three segments: Retail, Wholesale, and Digital Student Solutions. 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.

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