Shares of Babcock (NYSE:BW - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.99 and traded as high as $1.10. Babcock shares last traded at $1.05, with a volume of 714,439 shares traded.
Analyst Ratings Changes
BW has been the topic of several analyst reports. DA Davidson cut Babcock from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Lake Street Capital lowered their price target on Babcock from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, Wall Street Zen assumed coverage on Babcock in a report on Tuesday, May 20th. They set a "hold" rating on the stock.
Read Our Latest Stock Report on Babcock
Babcock Stock Down 3.3%
The firm has a market cap of $98.01 million, a P/E ratio of -1.20 and a beta of 1.69. The company's 50 day simple moving average is $0.89 and its 200-day simple moving average is $0.98.
Hedge Funds Weigh In On Babcock
Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in Babcock in the fourth quarter worth $27,000. Boothbay Fund Management LLC purchased a new position in Babcock in the fourth quarter worth $38,000. Two Sigma Advisers LP grew its holdings in Babcock by 106.7% in the fourth quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company's stock worth $44,000 after purchasing an additional 13,800 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Babcock in the fourth quarter worth $46,000. Finally, Dimensional Fund Advisors LP purchased a new position in Babcock in the fourth quarter worth $57,000. 83.17% of the stock is owned by hedge funds and other institutional investors.
Babcock Company Profile
(
Get Free Report)
Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.
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