Barnes & Noble Education (NYSE:BNED) Trading Down 11.5% – Should You Sell?

Barnes & Noble Education, Inc. (NYSE:BNED)’s share price traded down 11.5% during trading on Thursday . The company traded as low as $11.14 and last traded at $11.51. 721,119 shares changed hands during trading, an increase of 162% from the average session volume of 275,584 shares. The stock had previously closed at $13.01.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st.

Barnes & Noble Education Stock Up 15.4 %

The company has a fifty day moving average price of $10.27 and a 200-day moving average price of $11.29. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.42 and a current ratio of 1.31. The firm has a market capitalization of $401.19 million, a PE ratio of -0.39 and a beta of 2.10.

Barnes & Noble Education (NYSE:BNED) last announced its earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) earnings per share for the quarter. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%. The firm had revenue of $263.43 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in Barnes & Noble Education by 104.0% in the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after buying an additional 77,932 shares in the last quarter. State Street Corp increased its stake in Barnes & Noble Education by 40.9% during the 3rd quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock worth $328,000 after buying an additional 10,300 shares during the period. Centiva Capital LP purchased a new position in Barnes & Noble Education in the third quarter worth approximately $169,000. Finally, DCF Advisers LLC acquired a new stake in shares of Barnes & Noble Education during the 2nd quarter worth about $496,000. 38.51% of the stock is owned by institutional investors.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.