Broadwind Energy, Inc. (NASDAQ:BWEN - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.74 and traded as high as $3.03. Broadwind Energy shares last traded at $2.87, with a volume of 648,753 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded Broadwind Energy from a "hold" rating to a "sell" rating in a research report on Monday, May 19th.
View Our Latest Stock Report on BWEN
Broadwind Energy Stock Down 5.2%
The company has a market capitalization of $61.72 million, a PE ratio of -68.00 and a beta of 1.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.41 and a current ratio of 1.51. The firm's 50-day simple moving average is $1.99 and its 200 day simple moving average is $1.75.
Broadwind Energy (NASDAQ:BWEN - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The industrial products company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.01. The firm had revenue of $36.84 million during the quarter, compared to analysts' expectations of $32.76 million. Broadwind Energy had a negative return on equity of 1.23% and a negative net margin of 0.51%. As a group, equities research analysts forecast that Broadwind Energy, Inc. will post 0.01 earnings per share for the current year.
Hedge Funds Weigh In On Broadwind Energy
A number of hedge funds and other institutional investors have recently modified their holdings of BWEN. Grace & White Inc. NY increased its position in Broadwind Energy by 7.3% in the 1st quarter. Grace & White Inc. NY now owns 2,125,587 shares of the industrial products company's stock worth $3,082,000 after buying an additional 144,988 shares during the period. US Bancorp DE grew its stake in shares of Broadwind Energy by 11.9% during the first quarter. US Bancorp DE now owns 160,128 shares of the industrial products company's stock worth $232,000 after purchasing an additional 16,998 shares during the period. AMH Equity Ltd acquired a new stake in shares of Broadwind Energy during the first quarter worth $209,000. Bridgeway Capital Management LLC grew its stake in Broadwind Energy by 11.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company's stock valued at $170,000 after acquiring an additional 9,176 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Broadwind Energy in the fourth quarter valued at about $76,000. Institutional investors and hedge funds own 33.27% of the company's stock.
Broadwind Energy Company Profile
(
Get Free Report)
Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.
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