Broadwind Energy (NASDAQ:BWEN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Broadwind Energy, Inc. (NASDAQ:BWEN) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.60 and traded as high as $3.95. Broadwind Energy shares last traded at $3.92, with a volume of 282,320 shares changing hands.

Wall Street Analysts Forecast Growth

BWEN has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Broadwind Energy in a research report on Thursday, August 27th. Wall Street Zen lowered Broadwind Energy from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Finally, Roth Capital restated a “buy” rating and set a $6.50 price objective (up from $5.00) on shares of Broadwind Energy in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.25.

Broadwind Energy Stock Performance

The company has a fifty day moving average price of $4.51 and a two-hundred day moving average price of $3.61. The firm has a market cap of $94.15 million, a price-to-earnings ratio of 17.31 and a beta of 1.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.72 and a quick ratio of 1.73.

Broadwind Energy (NASDAQ:BWEN) last released its earnings results on Tuesday, August 11th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Broadwind Energy had a negative return on equity of 1.54% and a net margin of 3.90%.The firm had revenue of $8.19 million for the quarter, compared to analyst estimates of $34.97 million. As a group, equities research analysts expect that Broadwind Energy, Inc. will post -0.1 EPS for the current year.

Institutional Trading of Broadwind Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in BWEN. Squarepoint Ops LLC acquired a new position in Broadwind Energy in the second quarter worth approximately $173,000. Empowered Funds LLC boosted its stake in shares of Broadwind Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company’s stock worth $266,000 after acquiring an additional 9,561 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Broadwind Energy by 123.0% in the 1st quarter. NewEdge Advisors LLC now owns 27,200 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 15,000 shares during the last quarter. Aristides Capital LLC raised its position in shares of Broadwind Energy by 13.1% during the first quarter. Aristides Capital LLC now owns 144,930 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 16,797 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Broadwind Energy by 154.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock worth $905,000 after purchasing an additional 263,825 shares during the period. 33.27% of the stock is currently owned by institutional investors.

About Broadwind Energy

Broadwind Energy, Inc is an industrial manufacturing company that provides precision-engineered products and services for the clean energy, industrial, and infrastructure markets. The company’s capabilities include heavy fabrication, precision machining, welding, assembly, and gearing.

Broadwind has historically been known as a manufacturer of wind turbine towers and related components. It also produces large welded structures, fabricated equipment, and precision-machined parts for customers in sectors such as power generation, energy infrastructure, mining, and other industrial applications.

The company operates manufacturing facilities in the United States and serves original equipment manufacturers and other industrial customers through its specialized production businesses.