Broadwind Energy Major Shareholder Austin & Greenhouse Da Marxe Sells 50,468 Shares (BWEN)
Broadwind Energy (NASDAQ:BWEN) major shareholder Austin & Greenhouse Da Marxe sold 50,468 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $6.82, for a total value of $344,191.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on BWEN. Analysts at Macquarie raised their price target on shares of Broadwind Energy (NASDAQ:BWEN) from $4.50 to $6.00 in a research note to investors on Thursday, August 29th. They now have a “neutral” rating on the stock. Analysts at Sidoti initiated coverage on shares of Broadwind Energy (NASDAQ:BWEN) in a research note to investors on Tuesday, June 25th. They set a “buy” rating on the stock.
Shares of Broadwind Energy (NASDAQ:BWEN) remained flat at $6.86 during during mid-day trading trading on Wednesday. The stock had a trading volume of 94,456 shares. Broadwind Energy has a 52 week low of $2.00 and a 52 week high of $7.13. The stock has a 50-day moving average of $5.46 and a 200-day moving average of $4.71. The company’s market cap is $99.4 million.
Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.06. The company had revenue of $51.36 million for the quarter, compared to the consensus estimate of $54.59 million. Analysts expect that Broadwind Energy will post $-0.51 EPS for the current fiscal year.
Broadwind Energy Inc (NASDAQ:BWEN) provides products and services to the United States wind energy industry.
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