Barnes & Noble Education (NYSE:BNED) Stock Price Down 11.5% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Barnes & Noble Education Stock Down 11.5 %

The company has a quick ratio of 0.42, a current ratio of 1.23 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $347.76 million, a PE ratio of -0.34 and a beta of 2.10. The company’s fifty day moving average price is $10.19 and its 200-day moving average price is $11.60.

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

Institutional Investors Weigh In On Barnes & Noble Education

A number of large investors have recently made changes to their positions in BNED. DCF Advisers LLC bought a new position in shares of Barnes & Noble Education in the second quarter worth approximately $496,000. Geode Capital Management LLC raised its stake in Barnes & Noble Education by 104.0% during the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after purchasing an additional 77,932 shares in the last quarter. State Street Corp lifted its holdings in shares of Barnes & Noble Education by 40.9% in the 3rd quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after acquiring an additional 10,300 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in Barnes & Noble Education in the third quarter worth $169,000. 38.51% of the stock is currently 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.