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

Key Points

• Barnes & Noble Education's stock price fell below its fifty-day moving average of $10.38, trading as low as $8.34 before closing at $8.39.
• Wall Street Zen has downgraded the company's rating from "hold" to "sell", indicating a bearish outlook on the stock.
• Institutional investors have increased their stakes in Barnes & Noble Education, with Marshall Wace LLP boosting its holdings by 2,751.4% in the last quarter.

Barnes & Noble Education, Inc (NYSE:BNED - Get Free Report)'s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.38 and traded as low as $8.34. Barnes & Noble Education shares last traded at $8.39, with a volume of 249,991 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Barnes & Noble Education from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st.

Barnes & Noble Education Stock Up 0.3%

The stock has a market capitalization of $286.53 million, a price-to-earnings ratio of -0.54 and a beta of 1.68. The business's 50-day moving average is $10.25 and its two-hundred day moving average is $10.25. The company has a quick ratio of 0.81, a current ratio of 1.42 and a debt-to-equity ratio of 0.50.

Institutional Investors Weigh In On Barnes & Noble Education

Several large investors have recently added to or reduced their stakes in BNED. Geode Capital Management LLC boosted its holdings in shares of Barnes & Noble Education by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 156,807 shares of the specialty retailer's stock valued at $1,575,000 after buying an additional 3,968 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Barnes & Noble Education in the fourth quarter worth approximately $1,976,000. Marshall Wace LLP boosted its position in shares of Barnes & Noble Education by 2,751.4% in the fourth quarter. Marshall Wace LLP now owns 304,335 shares of the specialty retailer's stock worth $3,056,000 after acquiring an additional 293,662 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Barnes & Noble Education by 362.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer's stock valued at $94,000 after buying an additional 7,310 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Barnes & Noble Education in the 4th quarter worth $122,000. 38.51% of the stock is owned by hedge funds and other institutional investors.

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.