StockNews.com Upgrades Barnes & Noble Education (NYSE:BNED) to “Hold”

Barnes & Noble Education (NYSE:BNED) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Barnes & Noble Education Price Performance

NYSE BNED opened at $10.19 on Wednesday. Barnes & Noble Education has a one year low of $6.05 and a one year high of $226.00. The stock has a 50-day moving average of $9.96 and a 200 day moving average of $14.84. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.42 and a current ratio of 1.23. The company has a market capitalization of $278.09 million, a price-to-earnings ratio of 0.98 and a beta of 2.10.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) EPS for the quarter. The company had revenue of $263.43 million during the quarter. Barnes & Noble Education had a negative return on equity of 27.68% and a negative net margin of 7.17%.

Hedge Funds Weigh In On Barnes & Noble Education

A hedge fund recently bought a new stake in Barnes & Noble Education stock. Virtu Financial LLC bought a new position in Barnes & Noble Education, Inc. (NYSE:BNED) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 76,733 shares of the specialty retailer’s stock, valued at approximately $56,000. Virtu Financial LLC owned 0.14% of Barnes & Noble Education as of its most recent filing with the SEC. Institutional investors and hedge funds own 38.51% of the company’s stock.

About Barnes & Noble Education

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.