Broadwind (NASDAQ:BWEN) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Broadwind, Inc. (NASDAQ:BWEN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.69 and traded as high as $1.80. Broadwind shares last traded at $1.76, with a volume of 150,758 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BWEN shares. Industrial Alliance Securities set a $3.00 price objective on Broadwind in a report on Wednesday, March 5th. Wall Street Zen cut Broadwind from a “hold” rating to a “sell” rating in a research note on Monday, May 19th. Craig Hallum reissued a “buy” rating on shares of Broadwind in a report on Wednesday, March 5th. Finally, HC Wainwright reduced their price objective on shares of Broadwind from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 6th.

Broadwind Price Performance

The company has a market capitalization of $39.93 million, a P/E ratio of 12.57 and a beta of 1.61. The stock’s fifty day simple moving average is $1.62 and its 200-day simple moving average is $1.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.52.

Broadwind (NASDAQ:BWEN) last issued its earnings results on Tuesday, May 13th. The industrial products company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $36.84 million during the quarter, compared to analyst estimates of $32.76 million. Broadwind had a return on equity of 5.39% and a net margin of 2.01%. On average, equities analysts forecast that Broadwind, Inc. will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new stake in shares of Broadwind in the 1st quarter valued at $25,000. Mariner LLC acquired a new position in Broadwind in the fourth quarter valued at about $56,000. Squarepoint Ops LLC bought a new stake in shares of Broadwind in the fourth quarter worth about $76,000. Bridgeway Capital Management LLC grew its position in shares of Broadwind by 11.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 9,176 shares during the period. Finally, AMH Equity Ltd bought a new stake in Broadwind during the 1st quarter worth approximately $209,000. Institutional investors and hedge funds own 33.27% 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.