Broadwind Energy, Inc. (NASDAQ:BWEN - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.78 and traded as high as $2.76. Broadwind Energy shares last traded at $2.68, with a volume of 81,856 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen cut Broadwind Energy from a "hold" rating to a "sell" rating in a research report on Monday, May 19th.
Read Our Latest Analysis on Broadwind Energy
Broadwind Energy Trading Up 3.4%
The company has a current ratio of 1.51, a quick ratio of 0.41 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $2.12 and a 200-day simple moving average of $1.78. The company has a market capitalization of $55.82 million, a PE ratio of -61.50 and a beta of 1.42.
Broadwind Energy (NASDAQ:BWEN - Get Free Report) last issued its earnings results on Tuesday, May 13th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $32.76 million. Analysts predict that Broadwind Energy, Inc. will post 0.01 EPS for the current year.
Hedge Funds Weigh In On Broadwind Energy
Large investors have recently modified their holdings of the business. Mariner LLC acquired a new position in Broadwind Energy during the 4th quarter worth about $56,000. Bridgeway Capital Management LLC increased its holdings in shares of 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 valued at $170,000 after acquiring an additional 9,176 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Broadwind Energy during the 4th quarter worth approximately $76,000. Grace & White Inc. NY grew its stake in Broadwind Energy by 7.3% during 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 last quarter. Finally, AMH Equity Ltd purchased a new position in Broadwind Energy during the 1st quarter worth approximately $209,000. Institutional investors and hedge funds own 33.27% of the company's stock.
About Broadwind Energy
(
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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