Barnes & Noble Education (NYSE:BNED) Stock Price Passes Below Fifty Day Moving Average - What's Next?

Key Points

• Barnes & Noble Education shares fell below their 50-day moving average of $8.97, trading as low as $8.86, indicating potential sell signals for investors.
• The company has a market cap of $311.22 million, a debt-to-equity ratio of 0.50, and a PE ratio of -0.59, reflecting ongoing financial challenges.
• Institutional investors collectively own 38.51% of Barnes & Noble Education's stock, indicating growing interest from larger financial entities.

Barnes & Noble Education, Inc (NYSE:BNED - Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.97 and traded as low as $8.86. Barnes & Noble Education shares last traded at $9.14, with a volume of 251,857 shares trading hands.

Barnes & Noble Education Price Performance

The company has a market capitalization of $320.75 million, a PE ratio of -0.61 and a beta of 1.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.42. The stock has a 50 day moving average price of $8.90 and a two-hundred day moving average price of $9.97.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Barnes & Noble Education in the 2nd quarter valued at $40,000. Cloud Capital Management LLC bought a new position in Barnes & Noble Education during the first quarter valued at about $60,000. Bank of America Corp DE lifted its position in shares of 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 buying an additional 5,733 shares during the last quarter. FNY Investment Advisers LLC lifted its position in shares of Barnes & Noble Education by 81.0% in the second quarter. FNY Investment Advisers LLC now owns 6,334 shares of the specialty retailer's stock worth $74,000 after buying an additional 2,834 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Barnes & Noble Education during the 1st quarter worth about $94,000. Institutional investors and hedge funds own 38.51% of the company's stock.

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.