Broadwind Energy (NASDAQ:BWEN) Stock Rating Lowered by Wall Street Zen

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

Separately, Weiss Ratings raised shares of Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

Broadwind Energy Price Performance

NASDAQ:BWEN opened at $3.49 on Tuesday. Broadwind Energy has a 52-week low of $1.88 and a 52-week high of $5.52. The stock has a fifty day moving average of $4.38 and a 200 day moving average of $3.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.92. The firm has a market capitalization of $81.67 million, a price-to-earnings ratio of 15.86 and a beta of 1.74.

Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.30%.The business had revenue of $34.06 million for the quarter, compared to analyst estimates of $32.72 million. On average, research analysts expect that Broadwind Energy will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Broadwind Energy

Large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in Broadwind Energy during the fourth quarter worth about $796,000. Arrowstreet Capital Limited Partnership increased its position in shares of Broadwind Energy by 154.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock valued at $905,000 after purchasing an additional 263,825 shares during the last quarter. Aristides Capital LLC bought a new position in shares of Broadwind Energy during the 4th quarter valued at about $363,000. Jane Street Group LLC raised its holdings in shares of Broadwind Energy by 821.0% during the 4th quarter. Jane Street Group LLC now owns 123,659 shares of the industrial products company’s stock valued at $350,000 after buying an additional 110,232 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Broadwind Energy during the 4th quarter valued at about $275,000. Hedge funds and other institutional investors own 33.27% of the company’s stock.

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.