Broadwind Energy (NASDAQ:BWEN) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Broadwind Energy shares crossed above their 200-day moving average, reaching $3.95 before closing at $3.92, compared with the $3.60 200-day average.
• Analyst sentiment is mixed but leans positive: BWEN has an average “Moderate Buy” rating and a $6.25 price target, although one service downgraded it to “sell.”
• The company’s latest quarter fell short of expectations, reporting a $0.03 per-share loss and $8.19 million in revenue versus analysts’ forecast of $34.97 million; analysts expect a full-year loss of $0.10 per share.

Broadwind Energy, Inc. (NASDAQ:BWEN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.60 and traded as high as $3.95. Broadwind Energy shares last traded at $3.92, with a volume of 282,320 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BWEN. Weiss Ratings reissued a "hold (c)" rating on shares of Broadwind Energy in a research report on Thursday, August 27th. Wall Street Zen lowered Broadwind Energy from a "hold" rating to a "sell" rating in a research report on Saturday, September 5th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $6.50 price target (up from $5.00) on shares of Broadwind Energy in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $6.25.

Broadwind Energy Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 2.72. The business's 50-day moving average is $4.52 and its 200-day moving average is $3.60. The company has a market capitalization of $92.75 million, a PE ratio of 17.04 and a beta of 1.82.

Broadwind Energy (NASDAQ:BWEN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The industrial products company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.02). Broadwind Energy had a negative return on equity of 1.54% and a net margin of 3.90%.The business had revenue of $8.19 million during the quarter, compared to analysts' expectations of $34.97 million. On average, research analysts anticipate that Broadwind Energy, Inc. will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its stake in shares of Broadwind Energy by 154.3% in 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 during the last quarter. Aristides Capital LLC bought a new position in shares of Broadwind Energy during the fourth quarter valued at $363,000. Macco Financial Group Inc. purchased a new position in shares of Broadwind Energy in the 4th quarter worth about $59,000. Squarepoint Ops LLC purchased a new position in shares of Broadwind Energy in the 2nd quarter worth about $173,000. Finally, Empowered Funds LLC boosted its stake in Broadwind Energy by 8.1% in the 1st quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company's stock worth $266,000 after purchasing an additional 9,561 shares in the last quarter. Institutional investors own 33.27% of the company's stock.

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.

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