Broadwind Energy (NASDAQ:BWEN) Rating Lowered to Sell at Wall Street Zen

Broadwind Energy (NASDAQ:BWEN) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Broadwind Energy in a research report on Monday, December 22nd. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Broadwind Energy in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.00.

Broadwind Energy Stock Performance

NASDAQ:BWEN opened at $2.19 on Friday. The stock has a 50 day simple moving average of $2.87 and a 200 day simple moving average of $2.63. The stock has a market cap of $51.05 million, a P/E ratio of 9.95 and a beta of 1.46. Broadwind Energy has a 1-year low of $1.41 and a 1-year high of $4.15. The company has a current ratio of 2.03, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11.

Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings data on Wednesday, March 11th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $37.74 million during the quarter, compared to analyst estimates of $36.18 million. Broadwind Energy had a net margin of 3.32% and a negative return on equity of 1.91%. Research analysts anticipate that Broadwind Energy will post 0.01 earnings per share for the current year.

Institutional Trading of Broadwind Energy

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new position in shares of Broadwind Energy in the first quarter worth $25,000. XTX Topco Ltd acquired a new position in Broadwind Energy in the second quarter valued at about $25,000. Corsair Capital Management L.P. bought a new stake in Broadwind Energy during the second quarter worth about $30,000. Virtu Financial LLC bought a new stake in Broadwind Energy during the third quarter worth about $31,000. Finally, Macco Financial Group Inc. acquired a new stake in Broadwind Energy during the fourth quarter worth about $59,000. 33.27% of the stock is currently owned by institutional investors.

Broadwind Energy Company Profile

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.