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 trading hands.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on BW. Lake Street Capital cut their price objective on shares of Babcock from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Wall Street Zen started coverage on shares of Babcock in a report on Tuesday, May 20th. They issued a "hold" rating on the stock. Finally, DA Davidson downgraded Babcock from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th.
Get Our Latest Research Report on Babcock
Babcock Price Performance
The business's 50-day simple moving average is $0.89 and its two-hundred day simple moving average is $0.99. The stock has a market capitalization of $102.83 million, a price-to-earnings ratio of -1.26 and a beta of 1.69.
Institutional Investors Weigh In On Babcock
Several institutional investors and hedge funds have recently modified their holdings of the stock. Brightline Capital Management LLC acquired a new stake in shares of Babcock during the fourth quarter valued at about $2,476,000. CastleKnight Management LP boosted its holdings in Babcock by 7.2% in the fourth quarter. CastleKnight Management LP now owns 7,213,690 shares of the technology company's stock valued at $11,830,000 after purchasing an additional 487,516 shares during the last quarter. Marshall Wace LLP grew its stake in Babcock by 809.8% during the 4th quarter. Marshall Wace LLP now owns 484,903 shares of the technology company's stock valued at $795,000 after purchasing an additional 431,604 shares in the last quarter. 683 Capital Management LLC acquired a new stake in Babcock during the 4th quarter valued at approximately $667,000. Finally, Russell Investments Group Ltd. increased its holdings in Babcock by 28.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,702,261 shares of the technology company's stock worth $2,792,000 after purchasing an additional 373,049 shares during the last quarter. Hedge funds and other institutional investors own 83.17% of the company's stock.
About Babcock
(
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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