Broadwind (NASDAQ:BWEN) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Broadwind (NASDAQ:BWENGet Rating) in a research note published on Tuesday. The firm issued a sell rating on the industrial products company’s stock.

Several other equities research analysts have also weighed in on the company. HC Wainwright reaffirmed a neutral rating on shares of Broadwind in a research report on Thursday, March 3rd. Roth Capital reaffirmed a buy rating on shares of Broadwind in a research report on Thursday, March 3rd.

Shares of BWEN opened at $1.66 on Tuesday. The business’s fifty day moving average price is $1.75 and its 200 day moving average price is $1.90. Broadwind has a 12-month low of $1.46 and a 12-month high of $5.07. The stock has a market capitalization of $33.23 million, a PE ratio of 18.45 and a beta of 1.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.14 and a quick ratio of 0.45.

Broadwind (NASDAQ:BWENGet Rating) last announced its quarterly earnings data on Friday, May 6th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.03. Broadwind had a negative return on equity of 19.92% and a net margin of 1.07%. The firm had revenue of $41.84 million for the quarter, compared to analysts’ expectations of $29.58 million. During the same period last year, the business posted ($0.07) earnings per share. As a group, research analysts anticipate that Broadwind will post -0.4 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of BWEN. Marshall Wace LLP increased its holdings in shares of Broadwind by 231.1% during the third quarter. Marshall Wace LLP now owns 71,798 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 50,111 shares during the period. Balyasny Asset Management LLC acquired a new position in Broadwind during the third quarter worth about $64,000. Baystate Wealth Management LLC acquired a new position in Broadwind during the fourth quarter worth about $32,000. Grace & White Inc. NY grew its holdings in Broadwind by 11.7% during the fourth quarter. Grace & White Inc. NY now owns 1,669,457 shares of the industrial products company’s stock worth $3,139,000 after acquiring an additional 175,338 shares during the period. Finally, Essex Investment Management Co. LLC grew its holdings in Broadwind by 26.1% during the fourth quarter. Essex Investment Management Co. LLC now owns 256,143 shares of the industrial products company’s stock worth $482,000 after acquiring an additional 53,018 shares during the period. 22.43% of the stock is currently owned by institutional investors.

Broadwind Company Profile (Get Rating)

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.

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