Barnes & Noble Education (NYSE:BNED) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Barnes & Noble Education, Inc (NYSE:BNED) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.93 and traded as low as $8.62. Barnes & Noble Education shares last traded at $8.64, with a volume of 222,784 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, the company has a consensus rating of “Sell”.

Barnes & Noble Education Trading Down 0.5%

The business has a 50 day moving average of $8.93 and a 200 day moving average of $8.81. The firm has a market capitalization of $296.27 million, a price-to-earnings ratio of -30.86 and a beta of 1.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 0.79.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Tuesday, January 20th. The specialty retailer reported ($0.47) earnings per share for the quarter. The firm had revenue of $288.16 million for the quarter. Barnes & Noble Education had a negative return on equity of 22.09% and a negative net margin of 0.56%.

Institutional Investors Weigh In On Barnes & Noble Education

Several institutional investors have recently bought and sold shares of the company. Kanen Wealth Management LLC boosted its holdings in Barnes & Noble Education by 30.6% during the first quarter. Kanen Wealth Management LLC now owns 3,090,043 shares of the specialty retailer’s stock worth $32,445,000 after purchasing an additional 724,683 shares during the last quarter. Prescott Group Capital Management L.L.C. lifted its position in Barnes & Noble Education by 186.5% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 881,799 shares of the specialty retailer’s stock worth $8,104,000 after buying an additional 573,992 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Barnes & Noble Education by 323.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 516,521 shares of the specialty retailer’s stock worth $6,079,000 after buying an additional 394,630 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Barnes & Noble Education by 190.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 508,899 shares of the specialty retailer’s stock valued at $4,677,000 after acquiring an additional 333,567 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Barnes & Noble Education by 123.2% in the second quarter. Geode Capital Management LLC now owns 402,109 shares of the specialty retailer’s stock valued at $4,734,000 after acquiring an additional 221,936 shares during the last quarter. Institutional investors own 38.51% of the company’s stock.

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.