Broadwind Energy Inc. (NASDAQ:BWEN) Director Stephanie K. Kushner sold 19,002 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $3.16, for a total value of $60,046.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ BWEN traded down $0.12 during trading hours on Wednesday, reaching $3.17. 1,300 shares of the stock were exchanged, compared to its average volume of 173,208. The stock’s fifty day simple moving average is $3.92 and its 200 day simple moving average is $2.86. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.05 and a quick ratio of 0.47. Broadwind Energy Inc. has a 52 week low of $1.12 and a 52 week high of $5.78.
Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. Broadwind Energy had a negative net margin of 0.49% and a negative return on equity of 0.53%. The company had revenue of $54.93 million during the quarter, compared to analysts’ expectations of $48.60 million. Equities research analysts predict that Broadwind Energy Inc. will post 0.04 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in BWEN. EAM Investors LLC bought a new stake in shares of Broadwind Energy in the second quarter valued at approximately $931,000. Bridgeway Capital Management Inc. acquired a new stake in Broadwind Energy during the second quarter worth about $130,000. Baird Financial Group Inc. acquired a new stake in Broadwind Energy during the first quarter worth about $47,000. Virtu Financial LLC acquired a new position in Broadwind Energy during the second quarter worth about $120,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Broadwind Energy in the second quarter worth about $71,000. 38.69% of the stock is currently owned by institutional investors.
BWEN has been the topic of several analyst reports. Craig Hallum initiated coverage on shares of Broadwind Energy in a research report on Tuesday, July 7th. They set a “buy” rating on the stock. Johnson Rice assumed coverage on Broadwind Energy in a report on Wednesday, September 9th. They set a “buy” rating and a $6.00 price target for the company. Zacks Investment Research lowered Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 10th. TheStreet upgraded Broadwind Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, June 24th. Finally, HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of Broadwind Energy in a report on Monday, August 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.67.
Broadwind Energy Company Profile
Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and fabrications of heavy weldments for mining and other industrial customers.
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