Broadwind Energy, Inc. (NASDAQ:BWEN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.50 and traded as high as $4.24. Broadwind Energy shares last traded at $4.16, with a volume of 402,302 shares.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on BWEN shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Broadwind Energy in a research report on Thursday, August 27th. Roth Capital restated a "buy" rating and issued a $6.50 target price (up from $5.00) on shares of Broadwind Energy in a research report on Wednesday, August 12th. Finally, Wall Street Zen upgraded shares of Broadwind Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $6.25.
Get Our Latest Stock Report on Broadwind Energy
Broadwind Energy Stock Down 3.3%
The company has a current ratio of 2.72, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $4.61 and a 200-day simple moving average of $3.50. The company has a market cap of $98.43 million, a price-to-earnings ratio of 18.09 and a beta of 1.82.
Broadwind Energy (NASDAQ:BWEN - Get Free Report) last issued its quarterly 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). Broadwind Energy had a net margin of 3.90% and a negative return on equity of 1.54%. The business had revenue of $8.19 million for the quarter, compared to analyst estimates of $34.97 million. As a group, analysts predict that Broadwind Energy, Inc. will post -0.1 EPS for the current year.
Hedge Funds Weigh In On Broadwind Energy
Several large investors have recently bought and sold shares of BWEN. Arrowstreet Capital Limited Partnership lifted its stake in shares of 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 worth $905,000 after acquiring an additional 263,825 shares during the period. Aristides Capital LLC bought a new position in shares of Broadwind Energy in the fourth quarter valued at approximately $363,000. Macco Financial Group Inc. acquired a new position in shares of Broadwind Energy during the fourth quarter valued at approximately $59,000. Virtu Financial LLC acquired a new position in shares of Broadwind Energy during the third quarter valued at approximately $31,000. Finally, Goldman Sachs Group Inc. bought a new stake in Broadwind Energy during the first quarter worth approximately $25,000. 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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