Broadwind Energy (NASDAQ:BWEN) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Broadwind Energy, Inc. (NASDAQ:BWEN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.62 and traded as high as $3.12. Broadwind Energy shares last traded at $3.00, with a volume of 163,504 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BWEN shares. Wall Street Zen downgraded Broadwind Energy from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Broadwind Energy in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

Broadwind Energy Stock Down 3.8%

The stock’s 50-day moving average price is $3.23 and its two-hundred day moving average price is $2.62. The company has a current ratio of 1.97, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $69.60 million, a P/E ratio of 13.64 and a beta of 1.37.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.37%.The business had revenue of $44.24 million for the quarter, compared to the consensus estimate of $41.28 million. As a group, research analysts expect that Broadwind Energy, Inc. will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Broadwind Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWEN. Goldman Sachs Group Inc. purchased a new stake in Broadwind Energy during the first quarter valued at about $25,000. XTX Topco Ltd purchased a new stake in shares of Broadwind Energy during the 2nd quarter valued at approximately $25,000. Corsair Capital Management L.P. bought a new position in Broadwind Energy in the 2nd quarter worth approximately $30,000. Virtu Financial LLC bought a new position in Broadwind Energy in the 3rd quarter worth approximately $31,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in Broadwind Energy in the 3rd quarter valued at approximately $111,000. 33.27% of the stock is currently owned by institutional investors.

Broadwind Energy Company Profile

Broadwind Energy, Inc (NASDAQ: BWEN) is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company’s offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.