Broadwind Energy (NASDAQ:BWEN) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Broadwind Energy's share price recently crossed above its 200-day moving average, indicating a potential shift in stock momentum, with a trading high of $2.33.
• Several analysts have mixed views on the company, with Wall Street Zen lowering their rating to "sell" while Zacks Research upgraded it to "hold."
• In the latest earnings report, Broadwind Energy reported a net loss and missed earnings estimates, though it achieved a revenue of $39.24 million against an expected $37.65 million.

Broadwind Energy, Inc. (NASDAQ:BWEN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.80 and traded as high as $2.33. Broadwind Energy shares last traded at $2.31, with a volume of 118,811 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BWEN shares. Zacks Research raised Broadwind Energy to a "hold" rating in a report on Tuesday, August 12th. Wall Street Zen downgraded Broadwind Energy from a "hold" rating to a "sell" rating in a report on Monday, May 19th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $4.50.

Broadwind Energy Trading Up 3.4%

The company's 50-day moving average is $2.18 and its 200 day moving average is $1.81. The company has a market cap of $52.65 million, a price-to-earnings ratio of -22.85 and a beta of 1.42. The company has a quick ratio of 0.52, a current ratio of 1.53 and a debt-to-equity ratio of 0.17.

Broadwind Energy (NASDAQ:BWEN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The industrial products company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). Broadwind Energy had a negative return on equity of 3.71% and a negative net margin of 1.52%.The business had revenue of $39.24 million during the quarter, compared to analysts' expectations of $37.65 million. Research analysts predict that Broadwind Energy, Inc. will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Broadwind Energy

A number of institutional investors and hedge funds have recently bought and sold shares of BWEN. Bridgeway Capital Management LLC grew its stake in shares of Broadwind Energy by 5.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 4,903 shares during the last quarter. Corsair Capital Management L.P. purchased a new position in Broadwind Energy in the second quarter valued at approximately $30,000. XTX Topco Ltd purchased a new stake in shares of Broadwind Energy during the 2nd quarter valued at about $25,000. Quinn Opportunity Partners LLC grew its position in shares of Broadwind Energy by 0.8% during the second quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company's stock worth $909,000 after buying an additional 4,000 shares in the last quarter. Finally, AMH Equity Ltd boosted its position in Broadwind Energy by 124.6% during the 2nd quarter. AMH Equity Ltd now owns 323,382 shares of the industrial products company's stock valued at $585,000 after purchasing an additional 179,382 shares during the period. 33.27% of the stock is owned by hedge funds and other institutional investors.

About Broadwind Energy

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.