Broadwind Energy Inc. (NASDAQ:BWEN) insider Stephanie K. Kushner purchased 10,000 shares of Broadwind Energy stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average price of $1.80 per share, for a total transaction of $18,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

BWEN traded up $0.03 during trading hours on Friday, hitting $1.88. The company’s stock had a trading volume of 17,608 shares, compared to its average volume of 32,160. The business’s 50-day moving average price is $1.99 and its 200-day moving average price is $1.84. Broadwind Energy Inc. has a 12 month low of $1.15 and a 12 month high of $2.59. The stock has a market cap of $28.12 million, a price-to-earnings ratio of -2.21 and a beta of 1.88. The company has a current ratio of 0.85, a quick ratio of 0.32 and a debt-to-equity ratio of 0.44.

Broadwind Energy (NASDAQ:BWEN) last announced its quarterly earnings results on Friday, August 2nd. The industrial products company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). Broadwind Energy had a negative net margin of 10.78% and a negative return on equity of 19.96%. The company had revenue of $41.17 million for the quarter, compared to analysts’ expectations of $41.50 million. On average, analysts forecast that Broadwind Energy Inc. will post -0.21 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new position in Broadwind Energy during the second quarter valued at $29,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Broadwind Energy by 69.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,270 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 7,900 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in Broadwind Energy during the second quarter valued at $417,000. Amundi Pioneer Asset Management Inc. increased its position in Broadwind Energy by 139.4% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 330,085 shares of the industrial products company’s stock valued at $3,842,000 after acquiring an additional 192,208 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Broadwind Energy by 41.9% during the second quarter. Vanguard Group Inc. now owns 540,684 shares of the industrial products company’s stock valued at $1,200,000 after acquiring an additional 159,647 shares during the last quarter. Institutional investors own 36.10% of the company’s stock.

BWEN has been the topic of several research reports. Roth Capital boosted their price target on shares of Broadwind Energy from $2.50 to $2.75 and gave the stock a “buy” rating in a research report on Monday, April 29th. ValuEngine cut shares of Broadwind Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research upgraded shares of Broadwind Energy from a “sell” rating to a “hold” rating in a research report on Wednesday.

Broadwind Energy Company Profile

Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and fabrications of heavy weldments for mining and other industrial customers.

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