Broadwind Energy (NASDAQ:BWEN) Stock Price Breaks Above 200-Day Moving Average - Here's What Happened

Key Points

• Broadwind Energy shares crossed above their 200-day moving average, reaching $3.91 and last trading at $3.87, compared with the $3.84 average.
• Analyst sentiment is generally positive: the stock has a consensus “Moderate Buy” rating and a $6.25 price target, although one firm downgraded it to “sell.”
• The company’s latest quarterly results missed expectations, reporting a $0.03-per-share loss and $8.19 million in revenue versus analysts’ estimates of a $0.01 loss and $34.97 million in revenue.

Shares of Broadwind Energy, Inc. (NASDAQ:BWEN - Get Free Report) crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $3.84 and traded as high as $3.91. Broadwind Energy shares last traded at $3.87, with a volume of 50,556 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Roth Capital reissued 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. Wall Street Zen downgraded Broadwind Energy from a "hold" rating to a "sell" rating in a report on Saturday, September 5th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Broadwind Energy in a research report on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.25.

Broadwind Energy Trading Up 0.3%

The stock's fifty day moving average price is $4.37 and its 200 day moving average price is $3.84. The company has a quick ratio of 1.73, a current ratio of 2.72 and a debt-to-equity ratio of 0.07. The stock has a market cap of $91.56 million, a PE ratio of 16.83 and a beta of 1.76.

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). The firm had revenue of $8.19 million during the quarter, compared to analysts' expectations of $34.97 million. Broadwind Energy had a negative return on equity of 1.54% and a net margin of 3.90%. On average, sell-side analysts forecast that Broadwind Energy, Inc. will post -0.10 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its position in shares of Broadwind Energy by 154.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company's stock valued at $905,000 after buying an additional 263,825 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Broadwind Energy by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company's stock worth $607,000 after buying an additional 26,546 shares during the last quarter. Aristides Capital LLC bought a new position in Broadwind Energy during the 4th quarter valued at about $363,000. Empowered Funds LLC lifted its stake in Broadwind Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company's stock valued at $266,000 after acquiring an additional 9,561 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Broadwind Energy during the 2nd quarter valued at about $173,000. 33.27% of the stock is owned by institutional investors.

Broadwind Energy Company Profile

Broadwind Energy, Inc NASDAQ: BWEN is a U.S.-based manufacturer of precision fabricated and machined components, equipment and services for the wind energy and other industrial markets. The company serves customers that require large-scale steel structures, complex assemblies and specialized manufacturing capabilities.

Broadwind's offerings include tubular wind-turbine tower sections, heavy fabrications, precision machining, gearing and gear assemblies, industrial fabrication, and process systems.

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