Broadwind Energy, Inc. (NASDAQ:BWEN - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.
Wall Street Analysts Forecast Growth
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 Analysis on BWEN
Broadwind Energy Stock Performance
The firm's 50 day moving average price is $2.02 and its 200-day moving average price is $1.76. 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 has a market capitalization of $57.17 million, a PE ratio of -63.00 and a beta of 1.42.
Broadwind Energy (NASDAQ:BWEN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. Broadwind Energy had a negative return on equity of 1.23% and a negative net margin of 0.51%. The company had revenue of $36.84 million for the quarter, compared to analysts' expectations of $32.76 million. On average, research analysts expect that Broadwind Energy, Inc. will post 0.01 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Bridgeway Capital Management LLC lifted its stake in Broadwind Energy by 11.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company's stock worth $170,000 after purchasing an additional 9,176 shares in the last quarter. US Bancorp DE raised its position in shares of Broadwind Energy by 11.9% during the 1st quarter. US Bancorp DE now owns 160,128 shares of the industrial products company's stock valued at $232,000 after buying an additional 16,998 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Broadwind Energy during the 1st quarter valued at approximately $25,000. Mariner LLC purchased a new stake in shares of Broadwind Energy during the 4th quarter valued at approximately $56,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Broadwind Energy during the 4th quarter valued at approximately $76,000. 33.27% of the stock is owned by hedge funds and other institutional investors.
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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