Broadwind Energy (NASDAQ:BWEN) Lowered to "Sell" Rating by Wall Street Zen

Broadwind Energy (NASDAQ:BWEN - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

Separately, Weiss Ratings raised shares of Broadwind Energy from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, June 1st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.00.

Broadwind Energy Trading Down 0.5%

NASDAQ BWEN traded down $0.02 on Friday, reaching $4.42. The company had a trading volume of 691,268 shares, compared to its average volume of 426,129. The stock's 50 day moving average is $3.99 and its 200-day moving average is $3.12. The stock has a market cap of $103.43 million, a price-to-earnings ratio of 20.09 and a beta of 1.74. The company has a quick ratio of 0.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.11. Broadwind Energy has a 52 week low of $1.84 and a 52 week high of $5.40.

Broadwind Energy (NASDAQ:BWEN - Get Free Report) last released its earnings results on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. The firm had revenue of $34.06 million for the quarter, compared to analyst estimates of $32.72 million. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.30%. Equities analysts predict that Broadwind Energy will post -0.08 earnings per share for the current year.

Institutional Trading of Broadwind Energy

A number of large investors have recently bought and sold shares of the business. Empowered Funds LLC raised its holdings in Broadwind Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company's stock worth $266,000 after buying an additional 9,561 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Broadwind Energy by 123.0% in the first quarter. NewEdge Advisors LLC now owns 27,200 shares of the industrial products company's stock valued at $57,000 after buying an additional 15,000 shares during the period. Aristides Capital LLC boosted its holdings in shares of Broadwind Energy by 13.1% in the first quarter. Aristides Capital LLC now owns 144,930 shares of the industrial products company's stock valued at $301,000 after buying an additional 16,797 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Broadwind Energy by 154.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company's stock worth $905,000 after acquiring an additional 263,825 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Broadwind Energy by 10.0% during the first quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company's stock worth $607,000 after acquiring an additional 26,546 shares in the last quarter. 33.27% of the stock is owned by institutional investors.

Broadwind Energy Company Profile

Broadwind Energy, Inc NASDAQ: BWEN is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company's offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.