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

Barnes & Noble Education, Inc. (NYSE:BNED) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.39 and traded as low as $9.69. Barnes & Noble Education shares last traded at $9.74, with a volume of 382,417 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st.

Barnes & Noble Education Price Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 1.31. The company has a market capitalization of $338.46 million, a PE ratio of -0.29 and a beta of 2.23. The company’s 50-day simple moving average is $10.38 and its 200-day simple moving average is $10.38.

Hedge Funds Weigh In On Barnes & Noble Education

Several institutional investors have recently added to or reduced their stakes in the stock. Kanen Wealth Management LLC increased its holdings in shares of Barnes & Noble Education by 49.6% in the fourth quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock valued at $23,748,000 after purchasing an additional 784,576 shares during the period. Greenhaven Road Investment Management L.P. acquired a new position in Barnes & Noble Education in the 4th quarter valued at $5,220,000. 683 Capital Management LLC increased its stake in shares of Barnes & Noble Education by 250.0% during the fourth quarter. 683 Capital Management LLC now owns 350,000 shares of the specialty retailer’s stock worth $3,514,000 after acquiring an additional 250,000 shares during the period. Marshall Wace LLP raised its stake in shares of Barnes & Noble Education by 2,751.4% during the 4th quarter. Marshall Wace LLP now owns 304,335 shares of the specialty retailer’s stock worth $3,056,000 after buying an additional 293,662 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its position in Barnes & Noble Education by 383.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer’s stock worth $2,912,000 after acquiring an additional 230,000 shares in the last quarter. 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.