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

StockNews.com upgraded shares of Barnes & Noble Education (NYSE:BNED) from a sell rating to a hold rating in a research note published on Wednesday.

Barnes & Noble Education Stock Down 3.9 %

Shares of Barnes & Noble Education stock opened at $9.93 on Wednesday. The company has a 50-day simple moving average of $10.00 and a two-hundred day simple moving average of $14.87. Barnes & Noble Education has a 52-week low of $6.05 and a 52-week high of $226.00. 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 stock has a market capitalization of $270.99 million, a PE ratio of 0.95 and a beta of 2.10.

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

Institutional Investors Weigh In On Barnes & Noble Education

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

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.