Broadwind Energy (NASDAQ:BWEN) Rating Lowered to Hold at Wall Street Zen

Broadwind Energy (NASDAQ:BWEN) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Broadwind Energy in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Broadwind Energy currently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

Broadwind Energy Stock Down 3.6%

BWEN stock opened at $3.23 on Friday. The firm’s 50 day moving average price is $3.18 and its 200-day moving average price is $2.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 1.97. The firm has a market cap of $74.94 million, a PE ratio of 14.68 and a beta of 1.37. Broadwind Energy has a one year low of $1.41 and a one year high of $4.15.

Broadwind Energy (NASDAQ:BWEN) last released its quarterly earnings results on Thursday, November 13th. The industrial products company reported $0.04 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $41.28 million. On average, equities research analysts anticipate that Broadwind Energy will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Broadwind Energy

A number of institutional investors and hedge funds have recently bought and sold shares of BWEN. Quinn Opportunity Partners LLC lifted its holdings in shares of Broadwind Energy by 0.8% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company’s stock worth $909,000 after acquiring an additional 4,000 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of 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 during the period. Dimensional Fund Advisors LP grew its stake in shares of Broadwind Energy by 4.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock valued at $475,000 after buying an additional 10,142 shares during the period. XTX Topco Ltd acquired a new stake in shares of Broadwind Energy during the 2nd quarter worth $25,000. Finally, Virtu Financial LLC purchased a new position in shares of Broadwind Energy in the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 33.27% of the company’s stock.

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.