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

Barnes & Noble Education, Inc. (NYSE:BNED) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-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.

Analyst Upgrades and Downgrades

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

Barnes & Noble Education Trading Down 4.0 %

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 stock has a fifty day moving average of $10.31 and a 200-day moving average of $10.30. The company has a market cap of $343.43 million, a PE ratio of -0.30 and a beta of 2.23.

Institutional Investors Weigh In On Barnes & Noble Education

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC grew its stake in Barnes & Noble Education by 169.2% in the 4th quarter. Squarepoint Ops LLC now owns 31,542 shares of the specialty retailer’s stock worth $317,000 after acquiring an additional 19,824 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Barnes & Noble Education in the fourth quarter worth approximately $351,000. Millennium Management LLC purchased a new position in Barnes & Noble Education during the 4th quarter worth $534,000. D. E. Shaw & Co. Inc. bought a new stake in Barnes & Noble Education during the 4th quarter valued at $584,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Barnes & Noble Education in the 4th quarter worth $481,000. Institutional investors 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.