Broadwind Energy (NASDAQ:BWEN) released its quarterly earnings data on Tuesday. The industrial products company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.17), Briefing.com reports. The firm had revenue of $17.76 million during the quarter, compared to the consensus estimate of $17.97 million. Broadwind Energy had a negative net margin of 2.48% and a negative return on equity of 11.17%. The business’s revenue was down 63.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share.
Broadwind Energy (NASDAQ BWEN) opened at $2.22 on Thursday. The company has a market cap of $34.82, a PE ratio of -9.25 and a beta of 1.34. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. Broadwind Energy has a fifty-two week low of $2.20 and a fifty-two week high of $9.80.
A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in Broadwind Energy by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 59,647 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 1,004 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Broadwind Energy by 186.3% in the second quarter. JPMorgan Chase & Co. now owns 21,038 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 13,691 shares in the last quarter. Macquarie Group Ltd. bought a new position in Broadwind Energy in the third quarter worth about $166,000. Dimensional Fund Advisors LP raised its holdings in Broadwind Energy by 16.3% in the third quarter. Dimensional Fund Advisors LP now owns 411,768 shares of the industrial products company’s stock worth $1,334,000 after purchasing an additional 57,813 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Broadwind Energy by 115.5% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 129,450 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 69,380 shares in the last quarter. Institutional investors and hedge funds own 50.67% of the company’s stock.
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Broadwind Energy Company Profile
Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.
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