Barnes & Noble Education (NYSE:BNED) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Barnes & Noble Education, Inc. (NYSE:BNED) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.31 and traded as high as $10.40. Barnes & Noble Education shares last traded at $10.09, with a volume of 360,204 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Saturday.

Barnes & Noble Education Stock Down 4.0 %

The business’s fifty day moving average is $10.31 and its two-hundred day moving average is $10.30. The stock has a market cap of $343.43 million, a price-to-earnings ratio of -0.30 and a beta of 2.23. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kanen Wealth Management LLC grew its holdings in Barnes & Noble Education by 49.6% during the 4th quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock worth $23,748,000 after acquiring an additional 784,576 shares in the last quarter. Greenhaven Road Investment Management L.P. acquired a new position in shares of Barnes & Noble Education during the fourth quarter worth $5,220,000. Marshall Wace LLP increased its holdings in 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 valued at $3,056,000 after buying an additional 293,662 shares during the last quarter. 683 Capital Management LLC raised its stake in Barnes & Noble Education by 250.0% in the fourth quarter. 683 Capital Management LLC now owns 350,000 shares of the specialty retailer’s stock valued at $3,514,000 after buying an additional 250,000 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. lifted its holdings in Barnes & Noble Education by 383.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer’s stock worth $2,912,000 after buying an additional 230,000 shares during the last quarter. 38.51% of the stock is owned by institutional investors and hedge funds.

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.