Babcock (NYSE:BW) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Babcock (NYSE:BW - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.04 and traded as high as $3.34. Babcock shares last traded at $3.23, with a volume of 4,546,206 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BW shares. Craig Hallum upgraded shares of Babcock from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Wall Street Zen cut shares of Babcock from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $3.00.

Babcock Price Performance

The company's fifty day simple moving average is $1.58 and its two-hundred day simple moving average is $1.04. The stock has a market cap of $326.55 million, a price-to-earnings ratio of -1.90 and a beta of 1.83.

Babcock (NYSE:BW - Get Free Report) last posted its earnings results on Monday, August 11th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The firm had revenue of $144.10 million for the quarter, compared to analysts' expectations of $182.07 million.

Insider Buying and Selling at Babcock

In other news, CEO Kenneth M. Young bought 20,000 shares of Babcock stock in a transaction dated Monday, August 18th. The stock was purchased at an average price of $1.51 per share, for a total transaction of $30,200.00. Following the purchase, the chief executive officer directly owned 261,745 shares in the company, valued at $395,234.95. The trade was a 8.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Cameron M. Frymyer bought 20,000 shares of Babcock stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $1.55 per share, with a total value of $31,000.00. Following the purchase, the chief financial officer owned 153,805 shares in the company, valued at approximately $238,397.75. This represents a 14.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 59,347 shares of company stock valued at $99,803. Company insiders own 3.90% of the company's stock.

Hedge Funds Weigh In On Babcock

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in Babcock in the fourth quarter worth about $27,000. Two Sigma Advisers LP grew its position in shares of Babcock by 106.7% during the 4th quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company's stock valued at $44,000 after acquiring an additional 13,800 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Babcock during the 4th quarter valued at approximately $60,000. Quinn Opportunity Partners LLC grew its position in shares of Babcock by 200.0% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 90,000 shares of the technology company's stock valued at $87,000 after acquiring an additional 60,000 shares during the period. Finally, Nomura Holdings Inc. grew its position in shares of Babcock by 58.2% during the 2nd quarter. Nomura Holdings Inc. now owns 127,382 shares of the technology company's stock valued at $123,000 after acquiring an additional 46,884 shares during the period. Institutional investors own 83.17% of the company's stock.

Babcock Company Profile

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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