Broadwind Energy (NASDAQ:BWEN) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Broadwind Energy, Inc. (NASDAQ:BWEN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.42 and traded as high as $3.47. Broadwind Energy shares last traded at $3.33, with a volume of 266,126 shares.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wall Street Zen upgraded shares of Broadwind Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Broadwind Energy in a research note on Monday, December 22nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4.50.

Broadwind Energy Stock Up 4.1%

The company has a market capitalization of $77.26 million, a PE ratio of 15.14 and a beta of 1.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 1.97. The company’s 50-day moving average is $2.82 and its 200 day moving average is $2.42.

Broadwind Energy (NASDAQ:BWEN) last issued its earnings results on Thursday, November 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Broadwind Energy had a net margin of 3.37% and a negative return on equity of 2.05%. The firm had revenue of $44.24 million for the quarter, compared to the consensus estimate of $41.28 million. As a group, analysts anticipate that Broadwind Energy, Inc. will post 0.01 EPS for the current year.

Broadwind Energy declared that its Board of Directors has initiated a share repurchase plan on Wednesday, September 10th that allows the company to buyback $3.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Broadwind Energy

A number of hedge funds have recently bought and sold shares of BWEN. Quinn Opportunity Partners LLC boosted its holdings in shares of Broadwind Energy by 0.8% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company’s stock valued at $909,000 after acquiring an additional 4,000 shares during the last quarter. AMH Equity Ltd lifted its position in Broadwind Energy by 124.6% during the second quarter. AMH Equity Ltd now owns 323,382 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 179,382 shares during the period. Dimensional Fund Advisors LP lifted its position in Broadwind Energy by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 10,142 shares during the period. Bridgeway Capital Management LLC boosted its holdings in Broadwind Energy by 10.1% in the third quarter. Bridgeway Capital Management LLC now owns 112,508 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 10,287 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in Broadwind Energy by 46.5% in the third quarter. Susquehanna International Group LLP now owns 89,369 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 28,350 shares during the last quarter. Hedge funds and other institutional investors own 33.27% of the company’s stock.

About Broadwind Energy

Broadwind Energy, Inc (NASDAQ: BWEN) is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company’s offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.