Broadwind Energy (NASDAQ:BWEN) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Broadwind Energy, Inc. (NASDAQ:BWEN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.90 and traded as high as $4.54. Broadwind Energy shares last traded at $4.18, with a volume of 565,235 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on BWEN. Wall Street Zen raised Broadwind Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Broadwind Energy has a consensus rating of “Hold” and a consensus target price of $6.00.

Broadwind Energy Stock Up 1.2%

The firm has a market capitalization of $97.81 million, a price-to-earnings ratio of 19.00 and a beta of 1.80. The business’s 50-day moving average is $3.06 and its two-hundred day moving average is $2.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.92.

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

Institutional Trading of Broadwind Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in shares of Broadwind Energy in the first quarter valued at $25,000. XTX Topco Ltd acquired a new position in shares of Broadwind Energy in the second quarter valued at about $25,000. Bridgeway Capital Management LLC grew its stake in shares of Broadwind Energy by 5.0% in the second quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 4,903 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new position in shares of Broadwind Energy in the third quarter valued at about $111,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Broadwind Energy by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 10,142 shares in the last quarter. Institutional investors and hedge funds 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.