Insider Selling: Austin & Greenhouse Da Marxe Sells 38,501 Shares of Broadwind Energy Stock (BWEN)
Broadwind Energy (NASDAQ:BWEN) major shareholder Austin & Greenhouse Da Marxe sold 38,501 shares of Broadwind Energy stock on the open market in a transaction dated Friday, September 13th. The shares were sold at an average price of $7.10, for a total transaction of $273,357.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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.
Broadwind Energy (NASDAQ:BWEN) remained flat at $7.69 during trading on Monday. The stock had a trading volume of 429,107 shares. Broadwind Energy has a 52 week low of $2.00 and a 52 week high of $7.72. The stock has a 50-day moving average of $5.6 and a 200-day moving average of $4.7. The company’s market cap is $111.5 million.
Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ 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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