Broadwind Energy (NASDAQ:BWEN) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Broadwind Energy, Inc. (NASDAQ:BWEN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.90 and traded as high as $4.54. Broadwind Energy shares last traded at $4.18, with a volume of 565,235 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on BWEN shares. Wall Street Zen upgraded shares of Broadwind Energy from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

Broadwind Energy Price Performance

The company has a fifty day simple moving average of $3.06 and a two-hundred day simple moving average of $2.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.92. The company has a market capitalization of $97.81 million, a price-to-earnings ratio of 19.00 and a beta of 1.80.

Broadwind Energy (NASDAQ:BWEN) last posted its earnings results on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The firm had revenue of $34.06 million during the quarter, compared to the consensus estimate of $32.72 million. Broadwind Energy had a net margin of 3.30% and a negative return on equity of 2.05%. As a group, research analysts anticipate that Broadwind Energy, Inc. will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On Broadwind Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Broadwind Energy by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 239,946 shares of the industrial products company’s stock valued at $679,000 after purchasing an additional 4,332 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of Broadwind Energy by 5.0% in the second quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 4,903 shares during the period. Mariner LLC increased its stake in shares of Broadwind Energy by 17.1% in the fourth quarter. Mariner LLC now owns 36,120 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 5,268 shares during the period. State Street Corp increased its stake in shares of Broadwind Energy by 7.8% in the fourth quarter. State Street Corp now owns 80,265 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 5,800 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Broadwind Energy by 8.1% in the first quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company’s stock worth $266,000 after purchasing an additional 9,561 shares during the period. 33.27% of the stock is currently owned by institutional investors and hedge funds.

About Broadwind Energy

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.