StockNews.com Downgrades Broadwind (NASDAQ:BWEN) to Sell

Broadwind (NASDAQ:BWEN) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

A number of other research analysts have also issued reports on the stock. HC Wainwright decreased their target price on shares of Broadwind from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Craig Hallum reissued a “buy” rating on shares of Broadwind in a research note on Wednesday, March 5th. Finally, Industrial Alliance Securities set a $3.00 price target on shares of Broadwind in a research note on Wednesday, March 5th.

Broadwind Stock Down 2.7%

Shares of BWEN traded down $0.05 during mid-day trading on Monday, reaching $1.83. The company’s stock had a trading volume of 51,338 shares, compared to its average volume of 163,587. Broadwind has a 1 year low of $1.41 and a 1 year high of $4.65. The company has a quick ratio of 0.52, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The company has a market cap of $41.52 million, a price-to-earnings ratio of 13.07 and a beta of 1.61. The business has a fifty day moving average of $1.56 and a 200 day moving average of $1.69.

Broadwind (NASDAQ:BWEN) last announced its quarterly earnings results on Tuesday, May 13th. The industrial products company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $36.84 million during the quarter, compared to analysts’ expectations of $32.76 million. Broadwind had a net margin of 2.01% and a return on equity of 5.39%. As a group, analysts forecast that Broadwind will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Broadwind

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mariner LLC acquired a new position in shares of Broadwind in the fourth quarter valued at approximately $56,000. Bridgeway Capital Management LLC lifted its holdings in shares of Broadwind by 11.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock worth $170,000 after purchasing an additional 9,176 shares during the last quarter. Grace & White Inc. NY increased its position in shares of Broadwind by 15.5% during the 4th quarter. Grace & White Inc. NY now owns 1,980,599 shares of the industrial products company’s stock valued at $3,724,000 after purchasing an additional 265,344 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Broadwind in the 1st quarter worth $25,000. Finally, US Bancorp DE grew its stake in Broadwind by 11.9% in the first quarter. US Bancorp DE now owns 160,128 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 16,998 shares in the last quarter. 33.27% of the stock is currently owned by hedge funds and other 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.