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

Broadwind Energy, Inc. (NASDAQ:BWEN) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.62 and traded as high as $3.12. Broadwind Energy shares last traded at $3.00, with a volume of 163,504 shares traded.

Wall Street Analyst Weigh In

BWEN has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Broadwind Energy in a report on Monday, December 22nd. Wall Street Zen cut shares of Broadwind Energy from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

Broadwind Energy Trading Down 3.8%

The company has a current ratio of 1.97, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. The stock has a market cap of $69.60 million, a P/E ratio of 13.64 and a beta of 1.37. The business’s fifty day simple moving average is $3.23 and its 200 day simple moving average is $2.62.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. boosted its holdings in shares of Broadwind Energy by 41.5% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 75,000 shares of the industrial products company’s stock valued at $212,000 after acquiring an additional 22,000 shares in the last quarter. Susquehanna International Group LLP increased its stake in shares of 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 valued at $188,000 after buying an additional 28,350 shares during the period. Virtu Financial LLC bought a new position in Broadwind Energy in the 3rd quarter valued at approximately $31,000. Bridgeway Capital Management LLC raised its holdings in Broadwind Energy by 10.1% in the 3rd quarter. Bridgeway Capital Management LLC now owns 112,508 shares of the industrial products company’s stock valued at $236,000 after buying an additional 10,287 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Broadwind Energy by 4.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock worth $475,000 after buying an additional 10,142 shares during the period. 33.27% of the stock is currently owned by institutional investors and hedge funds.

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.