Broadwind Energy (NASDAQ:BWEN) Shares Pass Above 200 Day Moving Average – Time to Sell?

Broadwind Energy, Inc. (NASDAQ:BWEN)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.50 and traded as high as $4.24. Broadwind Energy shares last traded at $4.16, with a volume of 402,302 shares trading hands.

Wall Street Analysts Forecast Growth

BWEN has been the topic of a number of recent research reports. Roth Capital reissued a “buy” rating and issued a $6.50 target price (up from $5.00) on shares of Broadwind Energy in a research note on Wednesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Broadwind Energy in a research report on Thursday, August 27th. Finally, Wall Street Zen upgraded shares of Broadwind Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Broadwind Energy Price Performance

The firm has a fifty day moving average of $4.60 and a 200 day moving average of $3.51. 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 company has a market capitalization of $97.23 million, a P/E ratio of 17.87 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 company had revenue of $8.19 million for the quarter, compared to the consensus estimate of $34.97 million. On average, equities research analysts anticipate that Broadwind Energy, Inc. will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Broadwind Energy

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

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.