Insider Selling: Broadwind Energy Major Shareholder Sells 16,000 Shares of Stock (BWEN)
Broadwind Energy (NASDAQ:BWEN) major shareholder Austin & Greenhouse Da Marxe sold 16,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.81, for a total value of $124,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
BWEN has been the subject of a number of recent research reports. 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) traded up 3.07% on Wednesday, hitting $7.38. 137,545 shares of the company’s stock traded hands. Broadwind Energy has a one year low of $2.00 and a one year high of $7.94. The stock has a 50-day moving average of $5.83 and a 200-day moving average of $4.86. The company’s market cap is $107.0 million.
Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Broadwind Energy will post $-0.51 earnings per share 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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