Barnes & Noble Education (NYSE:BNED) Upgraded at StockNews.com

Barnes & Noble Education (NYSE:BNED) was upgraded by investment 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 traded down $0.40 on Wednesday, reaching $9.93. 457,588 shares of the company’s stock traded hands, compared to its average volume of 255,157. The stock has a 50-day simple moving average of $10.00 and a 200-day simple moving average of $14.87. The firm has a market cap of $270.99 million, a PE ratio of 0.95 and a beta of 2.10. Barnes & Noble Education has a 12 month low of $6.05 and a 12 month high of $226.00. The company has a quick ratio of 0.42, a current ratio of 1.23 and a debt-to-equity ratio of 1.54.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) earnings per share (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 company had revenue of $263.43 million during the quarter.

Hedge Funds Weigh In On Barnes & Noble Education

A hedge fund recently bought a new stake in Barnes & Noble Education stock. DCF Advisers LLC acquired a new stake in Barnes & Noble Education, Inc. (NYSE:BNED) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 77,500 shares of the specialty retailer’s stock, valued at approximately $496,000. DCF Advisers LLC owned approximately 0.30% of Barnes & Noble Education at the end of the most recent reporting period. 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.