Barnes & Noble Education (NYSE:BNED) Share Price Crosses Below 50 Day Moving Average - Here's Why

Key Points

• Shares of Barnes & Noble Education crossed below its 50-day moving average (50‑day MA $8.66), trading as low as $8.64 and last at $8.7150, with the stock down about 4.3% on the session.
• Analyst sentiment is negative—Weiss Ratings reiterated a "sell (e+)" and MarketBeat shows a consensus rating of Sell.
• The company reported quarterly EPS of ($0.47), with negative profitability metrics (negative ROE and net margin) and a market cap near $299 million, indicating ongoing financial pressure.

Shares of Barnes & Noble Education, Inc (NYSE:BNED - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.66 and traded as low as $8.64. Barnes & Noble Education shares last traded at $8.7150, with a volume of 109,258 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Barnes & Noble Education in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Barnes & Noble Education presently has a consensus rating of "Sell".

Barnes & Noble Education Stock Down 4.3%

The stock has a market cap of $298.92 million, a PE ratio of -27.23 and a beta of 1.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.42. The company's 50-day moving average price is $8.66 and its 200 day moving average price is $8.78.

Barnes & Noble Education (NYSE:BNED - Get Free Report) last issued its quarterly earnings results on Tuesday, January 20th. The specialty retailer reported ($0.47) earnings per share for the quarter. Barnes & Noble Education had a negative return on equity of 20.37% and a negative net margin of 0.57%.The business had revenue of $288.16 million for the quarter.

Hedge Funds Weigh In On Barnes & Noble Education

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of Barnes & Noble Education by 261.1% in the 4th quarter. Royal Bank of Canada now owns 3,972 shares of the specialty retailer's stock worth $36,000 after buying an additional 2,872 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Barnes & Noble Education during the 2nd quarter valued at about $40,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Barnes & Noble Education by 205.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,326 shares of the specialty retailer's stock valued at $40,000 after acquiring an additional 2,910 shares during the last quarter. Cloud Capital Management LLC purchased a new position in Barnes & Noble Education in the third quarter worth about $57,000. Finally, Bank of America Corp DE grew its position in Barnes & Noble Education by 1,412.1% in the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock worth $62,000 after acquiring an additional 5,733 shares in the last quarter. 38.51% of the stock is owned by hedge funds and other institutional investors.

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.

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