Broadwind Energy, Inc. (NASDAQ:BWEN - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.42 and traded as high as $4.44. Broadwind Energy shares last traded at $4.40, with a volume of 288,448 shares trading hands.
Analyst Upgrades and Downgrades
BWEN has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Broadwind Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Roth Capital reaffirmed a "buy" rating and issued a $6.50 target price (up from $5.00) on shares of Broadwind Energy in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of Broadwind Energy from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $6.25.
Read Our Latest Analysis on Broadwind Energy
Broadwind Energy Price Performance
The company has a market cap of $104.10 million, a price-to-earnings ratio of 19.13 and a beta of 1.78. The company has a fifty day simple moving average of $4.68 and a two-hundred day simple moving average of $3.42. The company has a quick ratio of 1.73, a current ratio of 2.72 and a debt-to-equity ratio of 0.07.
Broadwind Energy (NASDAQ:BWEN - Get Free Report) last announced its earnings results on Tuesday, August 11th. The industrial products company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.02). The company had revenue of $8.19 million for the quarter, compared to analyst estimates of $34.97 million. Broadwind Energy had a net margin of 3.90% and a negative return on equity of 1.54%. On average, equities research analysts anticipate that Broadwind Energy, Inc. will post -0.1 earnings per share for the current fiscal year.
Institutional Trading of Broadwind Energy
Large investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its stake in Broadwind Energy by 154.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company's stock valued at $905,000 after purchasing an additional 263,825 shares during the last quarter. Aristides Capital LLC acquired a new stake in shares of Broadwind Energy during the 4th quarter worth about $363,000. NewEdge Advisors LLC boosted its stake in shares of Broadwind Energy by 123.0% during the 1st quarter. NewEdge Advisors LLC now owns 27,200 shares of the industrial products company's stock worth $57,000 after purchasing an additional 15,000 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Broadwind Energy by 8.1% during the first quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company's stock worth $266,000 after buying an additional 9,561 shares in the last quarter. Finally, Macco Financial Group Inc. purchased a new stake in shares of Broadwind Energy during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 33.27% of the company's stock.
About Broadwind Energy
(
Get Free Report)
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.
Further Reading
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