Broadwind, Inc. (NASDAQ:BWEN) Short Interest Update

Broadwind, Inc. (NASDAQ:BWEN) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 273,600 shares, a drop of 6.3% from the October 15th total of 292,000 shares. Based on an average daily volume of 122,400 shares, the short-interest ratio is presently 2.2 days. Currently, 1.5% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Broadwind from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Roth Mkm reissued a “buy” rating and issued a $6.00 price objective on shares of Broadwind in a research report on Wednesday, August 16th. Finally, HC Wainwright decreased their price objective on shares of Broadwind from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.67.

Broadwind Stock Performance

NASDAQ BWEN opened at $2.36 on Friday. The firm has a 50-day moving average of $3.03 and a 200-day moving average of $3.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.18. The stock has a market cap of $50.55 million, a PE ratio of 13.88 and a beta of 1.57. Broadwind has a 52-week low of $1.61 and a 52-week high of $6.10.

Broadwind (NASDAQ:BWEN) last posted its earnings results on Monday, November 13th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The company had revenue of $57.16 million during the quarter, compared to analysts’ expectations of $58.64 million. Broadwind had a net margin of 1.89% and a return on equity of 9.00%. During the same quarter last year, the company posted ($0.09) EPS. On average, sell-side analysts anticipate that Broadwind will post 0.38 EPS for the current year.

Insider Activity at Broadwind

In related news, Director Thomas A. Wagner sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $3.99, for a total value of $39,900.00. Following the completion of the transaction, the director now owns 83,683 shares of the company’s stock, valued at $333,895.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders acquired 3,000 shares of company stock valued at $11,610. Corporate insiders own 9.50% of the company’s stock.

Institutional Trading of Broadwind

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jump Financial LLC acquired a new stake in Broadwind in the 1st quarter worth about $38,000. Acadian Asset Management LLC acquired a new stake in Broadwind in the 1st quarter worth about $46,000. Algert Global LLC acquired a new stake in Broadwind in the 3rd quarter worth about $38,000. Jane Street Group LLC acquired a new stake in Broadwind in the 1st quarter worth about $31,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Broadwind in the 1st quarter worth about $79,000. Institutional investors and hedge funds own 31.95% of the company’s stock.

Broadwind Company Profile

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.