Broadwind Energy Inc. (NASDAQ:BWEN)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.01 and last traded at $2.06, with a volume of 173 shares changing hands. The stock had previously closed at $2.05.
Several research firms recently issued reports on BWEN. Zacks Investment Research upgraded shares of Broadwind Energy from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. ValuEngine upgraded shares of Broadwind Energy from a “sell” rating to a “hold” rating in a report on Friday, June 1st.
The firm has a market cap of $33.57 million, a PE ratio of -3.85 and a beta of 1.48. The company has a current ratio of 0.86, a quick ratio of 0.42 and a debt-to-equity ratio of 0.05.
Broadwind Energy (NASDAQ:BWEN) last released its earnings results on Tuesday, July 31st. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $36.78 million during the quarter, compared to analyst estimates of $36.30 million. Broadwind Energy had a negative net margin of 17.65% and a negative return on equity of 23.21%. equities research analysts forecast that Broadwind Energy Inc. will post -0.3 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Broadwind Energy stock. Dimensional Fund Advisors LP boosted its position in Broadwind Energy Inc. (NASDAQ:BWEN) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442,786 shares of the industrial products company’s stock after buying an additional 28,418 shares during the period. Dimensional Fund Advisors LP owned approximately 2.86% of Broadwind Energy worth $1,045,000 at the end of the most recent quarter. 39.75% of the stock is owned by institutional investors.
Broadwind Energy Company Profile (NASDAQ:BWEN)
Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and specialty fabrications and specialty weldments for mining and other industrial customers.
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