Broadwind Energy Inc. (NASDAQ:BWEN) Insider Buys $18,000.00 in Stock
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.
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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