Broadwind Energy (NASDAQ:BWEN) Stock Rating Lowered by Wall Street Zen

Broadwind Energy (NASDAQ:BWEN) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Friday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Broadwind Energy in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.50.

Broadwind Energy Stock Performance

Shares of BWEN stock traded down $0.12 during midday trading on Friday, hitting $3.23. 126,859 shares of the company were exchanged, compared to its average volume of 249,552. Broadwind Energy has a 52 week low of $1.41 and a 52 week high of $4.15. The firm has a market capitalization of $74.94 million, a P/E ratio of 14.68 and a beta of 1.37. The firm’s 50 day moving average price is $3.18 and its two-hundred day moving average price is $2.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 1.97.

Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Broadwind Energy had a net margin of 3.37% and a negative return on equity of 2.05%. The firm had revenue of $44.24 million during the quarter, compared to the consensus estimate of $41.28 million. As a group, equities research analysts anticipate that Broadwind Energy will post 0.01 earnings per share for the current year.

Institutional Trading of Broadwind Energy

A number of institutional investors have recently modified their holdings of the stock. AMH Equity Ltd grew its holdings in shares of Broadwind Energy by 124.6% during the 2nd quarter. AMH Equity Ltd now owns 323,382 shares of the industrial products company’s stock worth $585,000 after purchasing an additional 179,382 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in Broadwind Energy during the third quarter worth about $111,000. Susquehanna International Group LLP grew its stake in Broadwind Energy by 46.5% during the third quarter. Susquehanna International Group LLP now owns 89,369 shares of the industrial products company’s stock worth $188,000 after buying an additional 28,350 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Broadwind Energy in the 1st quarter valued at about $25,000. Finally, Corsair Capital Management L.P. bought a new position in Broadwind Energy in the 2nd quarter valued at about $30,000. 33.27% of the stock is currently owned by institutional investors.

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.