Broadwind Energy (NASDAQ:BWEN) Share Price Breaks Above 200 Day Moving Average – Time to Sell?

Shares of Broadwind Energy, Inc. (NASDAQ:BWEN) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $3.67 and traded as high as $4.42. Broadwind Energy shares last traded at $4.41, with a volume of 217,347 shares changing hands.

Analyst Upgrades and Downgrades

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 research note on Thursday, August 27th. Roth Capital reiterated a “buy” rating and set a $6.50 price target (up from $5.00) on shares of Broadwind Energy in a report on Wednesday, August 12th. Finally, Wall Street Zen cut shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.25.

Broadwind Energy Trading Down 3.5%

The company has a current ratio of 2.72, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $4.47 and a two-hundred day simple moving average of $3.69. The firm has a market cap of $98.66 million, a PE ratio of 18.13 and a beta of 1.82.

Broadwind Energy (NASDAQ:BWEN) last posted its earnings results on Tuesday, August 11th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Broadwind Energy had a net margin of 3.90% and a negative return on equity of 1.54%. The business had revenue of $8.19 million for the quarter, compared to analysts’ expectations of $34.97 million. Equities analysts forecast that Broadwind Energy, Inc. will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Broadwind Energy

A number of large investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its holdings in Broadwind Energy by 154.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock worth $905,000 after buying an additional 263,825 shares during the period. Aristides Capital LLC purchased a new position in shares of Broadwind Energy during the 4th quarter worth approximately $363,000. Macco Financial Group Inc. bought a new position in shares of Broadwind Energy in the 4th quarter worth approximately $59,000. Squarepoint Ops LLC purchased a new position in shares of Broadwind Energy in the 2nd quarter valued at approximately $173,000. Finally, NewEdge Advisors LLC boosted its position in shares of Broadwind Energy by 123.0% during the first quarter. NewEdge Advisors LLC now owns 27,200 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors own 33.27% of the company’s stock.

About Broadwind Energy

Broadwind Energy, Inc is an industrial manufacturing company that provides precision-engineered products and services for the clean energy, industrial, and infrastructure markets. The company’s capabilities include heavy fabrication, precision machining, welding, assembly, and gearing.

Broadwind has historically been known as a manufacturer of wind turbine towers and related components. It also produces large welded structures, fabricated equipment, and precision-machined parts for customers in sectors such as power generation, energy infrastructure, mining, and other industrial applications.

The company operates manufacturing facilities in the United States and serves original equipment manufacturers and other industrial customers through its specialized production businesses.