Broadwind Energy (NASDAQ:BWEN) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Broadwind Energy, Inc. (NASDAQ:BWEN)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.77 and traded as high as $4.15. Broadwind Energy shares last traded at $3.96, with a volume of 646,270 shares.

Analyst Ratings Changes

Several equities research analysts have commented on BWEN shares. Weiss Ratings upgraded Broadwind Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of Broadwind Energy in a research note on Tuesday, February 10th. Finally, Wall Street Zen lowered Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Broadwind Energy Stock Up 1.8%

The company has a quick ratio of 0.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $2.58 and a 200-day moving average price of $2.77. The firm has a market capitalization of $92.66 million, a PE ratio of 18.00 and a beta of 1.73.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings results on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. The business had revenue of $34.06 million during the quarter, compared to analyst estimates of $32.72 million. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.30%. Equities research analysts forecast that Broadwind Energy, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Broadwind Energy

A number of large investors have recently made changes to their positions in BWEN. Goldman Sachs Group Inc. purchased a new stake in shares of Broadwind Energy in the first quarter valued at approximately $25,000. XTX Topco Ltd purchased a new stake in shares of Broadwind Energy in the second quarter valued at approximately $25,000. Virtu Financial LLC purchased a new stake in shares of Broadwind Energy in the third quarter valued at approximately $31,000. Apollon Wealth Management LLC purchased a new stake in shares of Broadwind Energy in the first quarter valued at approximately $56,000. Finally, James Investment Research Inc. grew its position in shares of Broadwind Energy by 124.0% in the first quarter. James Investment Research Inc. now owns 27,100 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 15,000 shares in the last quarter. 33.27% of the stock is currently owned by hedge funds and other institutional investors.

Broadwind Energy Company Profile

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.