Broadwind Energy (NASDAQ:BWEN) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Broadwind Energy, Inc. (NASDAQ:BWEN)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.85 and traded as high as $4.26. Broadwind Energy shares last traded at $4.24, with a volume of 427,214 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. HC Wainwright reiterated a “buy” rating and set a $6.00 price target on shares of Broadwind Energy in a report on Tuesday, February 10th. Wall Street Zen downgraded shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings raised Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Broadwind Energy Stock Performance

The firm has a market capitalization of $99.22 million, a P/E ratio of 19.27 and a beta of 1.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.92 and a quick ratio of 0.65. The firm has a 50-day moving average price of $2.82 and a two-hundred day moving average price of $2.85.

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

Hedge Funds Weigh In On Broadwind Energy

A number of institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake 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 acquiring an additional 15,000 shares in the last quarter. Empowered Funds LLC grew its stake in Broadwind Energy by 8.1% in the first quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company’s stock worth $266,000 after purchasing an additional 9,561 shares in the last quarter. Aristides Capital LLC grew its stake in Broadwind Energy by 13.1% in the first quarter. Aristides Capital LLC now owns 144,930 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 16,797 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in 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 worth $905,000 after purchasing an additional 263,825 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Broadwind Energy by 10.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company’s stock worth $607,000 after purchasing an additional 26,546 shares during the period. 33.27% of the stock is owned by hedge funds and other institutional investors.

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.