Babcock & Wilcox Enterprises (BW) Hits New 52-Week Low at $0.83
Babcock & Wilcox Enterprises Inc (NYSE:BW)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $0.83 and last traded at $0.86, with a volume of 25081 shares traded. The stock had previously closed at $0.95.
The company has a debt-to-equity ratio of 3.53, a current ratio of 1.20 and a quick ratio of 1.08.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its stake in shares of Babcock & Wilcox Enterprises by 175.6% in the 1st quarter. Jane Street Group LLC now owns 37,763 shares of the technology company’s stock valued at $165,000 after purchasing an additional 24,062 shares in the last quarter. Sei Investments Co. increased its stake in shares of Babcock & Wilcox Enterprises by 203.3% in the 2nd quarter. Sei Investments Co. now owns 48,212 shares of the technology company’s stock valued at $115,000 after purchasing an additional 32,318 shares in the last quarter. HRT Financial LLC purchased a new position in shares of Babcock & Wilcox Enterprises in the 2nd quarter valued at about $116,000. Verition Fund Management LLC purchased a new position in shares of Babcock & Wilcox Enterprises in the 2nd quarter valued at about $132,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Babcock & Wilcox Enterprises in the 1st quarter valued at about $312,000. Institutional investors and hedge funds own 70.67% of the company’s stock.
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Babcock & Wilcox Enterprises, Inc provides fossil and renewable power generation and environmental equipment for the power and industrial markets worldwide. Its Power segment offers boiler cleaning and material handling equipment; and supercritical, subcritical, fluidized bed, chemical recovery, industrial power, package, and waste heat boilers, as well as heat recovery steam generators.
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