Barnes & Noble Education (BNED) Stock Drops Over 5% Amid Industry Downturn

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Nov 15, 2024

Barnes & Noble Education, Inc. (BNED, Financial) experienced a notable slump in its stock price, dropping 5.13%. The stock is currently priced at $9.62 per share, with a trading volume of 117,468 shares and a turnover rate of 0.43%. The stock's price has fluctuated by 3.60%.

In its recent financial report, Barnes & Noble Education posted a revenue of $263 million. However, the company faced a net loss of $99.48 million, translating to an earnings per share (EPS) of -$7.36. The company's gross profit stood at $34.15 million, with a price-to-earnings (P/E) ratio of -0.80.

Currently, there are no institutional ratings for a "buy," "hold," or "sell" recommendation on Barnes & Noble Education stock. Within the retail sector, where Barnes & Noble Education operates, the overall decline was 0.85%.

Some stocks in the sector, such as Chang'an Energy and Fitell Corporation, gained significantly, while others like Leading Auto Parts and Tokyo Lifestyle Co Ltd were particularly active, with turnover rates of 84.04%, 6.35%, and 5.80%, respectively. Stocks with the highest price volatility included Chang'an Energy, Tokyo Lifestyle Co Ltd, and Fitell Corporation, with amplitudes of 66.20%, 42.58%, and 21.91%.

Barnes & Noble Education, Inc. is known for operating university bookstores across the U.S. and providing digital education services. The company is divided into three segments: Retail, Wholesale, and Digital Student Solutions, with the Retail segment being its primary revenue driver.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.