Broadwind (NASDAQ:BWEN) Downgraded by StockNews.com to Sell

Broadwind (NASDAQ:BWEN) was downgraded by investment 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 equities research analysts have also recently commented on the stock. Industrial Alliance Securities set a $3.00 price objective on shares of Broadwind in a research note on Wednesday, March 5th. HC Wainwright cut their price objective on shares of Broadwind from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Craig Hallum reissued a “buy” rating on shares of Broadwind in a research report on Wednesday, March 5th.

Broadwind Price Performance

Shares of NASDAQ:BWEN traded down $0.05 during midday trading on Monday, reaching $1.83. 51,338 shares of the company were exchanged, compared to its average volume of 163,587. Broadwind has a one year low of $1.41 and a one year high of $4.65. The company has a current ratio of 1.50, a quick ratio of 0.52 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $1.56 and its two-hundred day moving average is $1.69. The stock has a market cap of $41.52 million, a PE ratio of 13.07 and a beta of 1.61.

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

Institutional Trading of Broadwind

Several hedge funds have recently modified their holdings of the company. Mariner LLC purchased a new stake in Broadwind in the fourth quarter valued at about $56,000. Bridgeway Capital Management LLC lifted its position in Broadwind by 11.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock worth $170,000 after buying an additional 9,176 shares in the last quarter. Grace & White Inc. NY grew its stake in shares of Broadwind by 15.5% in the fourth quarter. Grace & White Inc. NY now owns 1,980,599 shares of the industrial products company’s stock valued at $3,724,000 after buying an additional 265,344 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Broadwind during the 1st quarter worth about $25,000. Finally, US Bancorp DE boosted its position in shares of Broadwind by 11.9% during the 1st quarter. US Bancorp DE now owns 160,128 shares of the industrial products company’s stock worth $232,000 after acquiring an additional 16,998 shares in the last quarter. 33.27% of the stock is 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.