Broadwind Energy (NASDAQ:BWEN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Broadwind Energy, Inc. (NASDAQ:BWEN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.85 and traded as high as $4.26. Broadwind Energy shares last traded at $4.24, with a volume of 427,214 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BWEN shares. Weiss Ratings raised shares of Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. HC Wainwright reaffirmed a “buy” rating and set a $6.00 target price on shares of Broadwind Energy in a research note on Tuesday, February 10th. Finally, Wall Street Zen downgraded shares of Broadwind Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Broadwind Energy Price Performance

The company has a market cap of $99.22 million, a P/E ratio of 19.27 and a beta of 1.80. The firm’s 50-day moving average is $2.82 and its two-hundred day moving average is $2.85. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.92 and a quick ratio of 0.65.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in shares of Broadwind Energy by 1.8% during the 4th 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 last quarter. Bridgeway Capital Management LLC raised its holdings 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 during the period. Mariner LLC lifted its position in 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 buying an additional 5,268 shares during the last quarter. State Street Corp boosted 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 worth $227,000 after buying an additional 5,800 shares during the period. Finally, Empowered Funds LLC boosted its stake in Broadwind Energy by 8.1% during the first quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company’s stock worth $266,000 after buying an additional 9,561 shares during the period. Hedge funds and other institutional investors own 33.27% of the company’s stock.

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.