Broadwind, Inc. (NASDAQ:BWEN – Get Rating) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 370,800 shares, a drop of 25.4% from the August 15th total of 496,800 shares. Based on an average trading volume of 162,700 shares, the short-interest ratio is presently 2.3 days. Approximately 2.0% of the shares of the company are short sold.
Broadwind Stock Performance
NASDAQ BWEN traded down $0.04 during trading on Friday, hitting $2.96. The company's stock had a trading volume of 126,375 shares, compared to its average volume of 118,870. The company has a quick ratio of 0.48, a current ratio of 1.10 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average price of $2.52 and a 200 day moving average price of $2.10. The firm has a market cap of $60.59 million, a P/E ratio of -5.19 and a beta of 1.17. Broadwind has a 52 week low of $1.46 and a 52 week high of $3.69.
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Broadwind (NASDAQ:BWEN – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The industrial products company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Broadwind had a negative return on equity of 21.25% and a negative net margin of 7.14%. During the same period in the prior year, the company earned ($0.12) earnings per share. Equities research analysts forecast that Broadwind will post -0.42 earnings per share for the current fiscal year.
Institutional Trading of Broadwind
Institutional investors have recently modified their holdings of the company. Alerus Financial NA acquired a new stake in shares of Broadwind during the 4th quarter worth approximately $25,000. Jane Street Group LLC acquired a new stake in shares of Broadwind during the 1st quarter worth approximately $31,000. Bailard Inc. acquired a new stake in shares of Broadwind during the 1st quarter worth approximately $39,000. Virtu Financial LLC acquired a new stake in shares of Broadwind during the 2nd quarter worth approximately $38,000. Finally, Millennium Management LLC acquired a new stake in Broadwind in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 20.23% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. TheStreet downgraded Broadwind from a "c-" rating to a "d" rating in a research note on Wednesday, August 17th. StockNews.com raised Broadwind from a "sell" rating to a "hold" rating in a research note on Saturday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".
Broadwind Company Profile
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Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.
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