StockNews.com upgraded shares of Broadwind (NASDAQ:BWEN – Get Rating) from a sell rating to a hold rating in a report issued on Saturday.
Separately, TheStreet lowered shares of Broadwind from a c- rating to a d rating in a report on Wednesday, August 17th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy.
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Broadwind Stock Performance
Shares of BWEN stock opened at $3.55 on Friday. The stock has a market capitalization of $72.67 million, a P/E ratio of -6.23 and a beta of 1.17. The company has a current ratio of 1.10, a quick ratio of 0.48 and a debt-to-equity ratio of 0.07. The firm's 50 day moving average is $2.59 and its 200 day moving average is $2.12. Broadwind has a 12 month low of $1.46 and a 12 month high of $3.80.
Broadwind (NASDAQ:BWEN – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The industrial products company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.02). Broadwind had a negative net
margin of 7.14% and a negative return on equity of 21.25%. During the same quarter in the previous year, the firm earned ($0.12) EPS. On average, sell-side analysts anticipate that Broadwind will post -0.42 earnings per share for the current year.
Institutional Trading of Broadwind
A number of hedge funds and other institutional investors have recently bought and sold shares of BWEN. Alerus Financial NA bought a new position in shares of Broadwind in the 4th quarter worth $25,000. Quinn Opportunity Partners LLC increased its holdings in shares of Broadwind by 7.7% in the 4th quarter. Quinn Opportunity Partners LLC now owns 124,232 shares of the industrial products company's stock worth $234,000 after buying an additional 8,870 shares during the last quarter. Grace & White Inc. NY increased its holdings in shares of Broadwind by 3.4% in the 1st quarter. Grace & White Inc. NY now owns 1,726,128 shares of the industrial products company's stock worth $3,746,000 after buying an additional 56,671 shares during the last quarter. Bailard Inc. bought a new position in shares of Broadwind in the 1st quarter worth $39,000. Finally, Essex Investment Management Co. LLC increased its holdings in shares of Broadwind by 34.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 344,743 shares of the industrial products company's stock worth $748,000 after buying an additional 88,600 shares during the last quarter. Institutional investors own 20.23% of the company's stock.
About Broadwind
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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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