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

Shares of Broadwind, Inc. (NASDAQ:BWEN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.69 and traded as high as $1.77. Broadwind shares last traded at $1.72, with a volume of 38,453 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BWEN. HC Wainwright lowered their target price on Broadwind from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Craig Hallum reiterated a “buy” rating on shares of Broadwind in a research note on Wednesday, March 5th. Wall Street Zen downgraded Broadwind from a “hold” rating to a “sell” rating in a research note on Monday, May 19th. Finally, Industrial Alliance Securities set a $3.00 target price on Broadwind in a research note on Wednesday, March 5th.

Broadwind Stock Down 1.7%

The company has a current ratio of 1.50, a quick ratio of 0.52 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $1.59 and a two-hundred day simple moving average of $1.69. The company has a market capitalization of $39.02 million, a PE ratio of 12.29 and a beta of 1.61.

Broadwind (NASDAQ:BWEN) last posted its quarterly earnings results on Tuesday, May 13th. The industrial products company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $36.84 million during the quarter, compared to analysts’ expectations of $32.76 million. Broadwind had a return on equity of 5.39% and a net margin of 2.01%. Research analysts expect that Broadwind, Inc. will post 0.01 EPS for the current year.

Institutional Trading of Broadwind

Several hedge funds have recently modified their holdings of the business. Bridgeway Capital Management LLC lifted its holdings in shares of Broadwind by 11.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock valued at $170,000 after buying an additional 9,176 shares during the period. US Bancorp DE lifted its holdings in shares of Broadwind by 11.9% in the 1st quarter. US Bancorp DE now owns 160,128 shares of the industrial products company’s stock valued at $232,000 after buying an additional 16,998 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Broadwind in the 1st quarter valued at approximately $25,000. Mariner LLC acquired a new stake in shares of Broadwind in the 4th quarter valued at approximately $56,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Broadwind in the 4th quarter valued at approximately $76,000. 33.27% of the stock is owned by institutional investors and hedge funds.

About Broadwind

Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.