HC Wainwright Has Lowered Expectations for Broadwind (NASDAQ:BWEN) Stock Price

Broadwind (NASDAQ:BWEN) had its target price dropped by equities research analysts at HC Wainwright from $8.00 to $6.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. HC Wainwright’s price target indicates a potential upside of 284.62% from the company’s previous close.

Broadwind Stock Up 4.0 %

Shares of BWEN stock opened at $1.56 on Thursday. 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 has a one year low of $1.46 and a one year high of $4.65. The company’s fifty day moving average price is $1.79 and its 200-day moving average price is $1.92. The company has a market capitalization of $34.50 million, a price-to-earnings ratio of 11.14 and a beta of 1.41.

Broadwind (NASDAQ:BWEN) last posted its quarterly earnings results on Wednesday, March 5th. The industrial products company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Broadwind had a return on equity of 5.39% and a net margin of 2.01%. Sell-side analysts expect that Broadwind will post 0.01 EPS for the current fiscal year.

Institutional Trading of Broadwind

A number of institutional investors and hedge funds have recently bought and sold shares of BWEN. Mariner LLC bought a new stake in Broadwind in the fourth quarter worth $56,000. Squarepoint Ops LLC bought a new position in shares of Broadwind during the 4th quarter valued at approximately $76,000. Bridgeway Capital Management LLC lifted its position in Broadwind by 11.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock worth $170,000 after buying an additional 9,176 shares during the last quarter. Empowered Funds LLC grew its holdings in Broadwind by 52.7% during the 3rd quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock valued at $184,000 after purchasing an additional 28,021 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Broadwind by 26.9% in the third quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock worth $341,000 after buying an additional 31,792 shares during the period. 33.27% of the stock is currently owned by institutional investors.

About Broadwind

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.