Broadwind Energy (NASDAQ:BWEN) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Broadwind Energy, Inc. (NASDAQ:BWEN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.26 and traded as high as $5.03. Broadwind Energy shares last traded at $4.80, with a volume of 483,083 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BWEN shares. Weiss Ratings upgraded Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Wall Street Zen downgraded Broadwind Energy from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $6.00.

Broadwind Energy Stock Performance

The company has a market capitalization of $112.32 million, a PE ratio of 21.82 and a beta of 1.74. The business’s 50-day moving average is $4.38 and its 200-day moving average is $3.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.92.

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

Institutional Trading of Broadwind Energy

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of Broadwind Energy by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 239,946 shares of the industrial products company’s stock worth $679,000 after buying an additional 4,332 shares during the last quarter. Bridgeway Capital Management LLC increased its position in Broadwind Energy by 5.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock valued at $185,000 after buying an additional 4,903 shares in the last quarter. Mariner LLC raised its stake in Broadwind Energy by 17.1% during the fourth quarter. Mariner LLC now owns 36,120 shares of the industrial products company’s stock valued at $102,000 after buying an additional 5,268 shares during the last quarter. State Street Corp raised its stake in Broadwind Energy by 7.8% during the fourth quarter. State Street Corp now owns 80,265 shares of the industrial products company’s stock valued at $227,000 after buying an additional 5,800 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in 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 acquiring an additional 9,561 shares in the last quarter. 33.27% of the stock is owned by institutional investors.

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.