Broadwind (NASDAQ:BWEN) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Broadwind (NASDAQ:BWENGet Rating) in a research report issued on Tuesday. The firm set a “sell” rating on the industrial products company’s stock.

Several other equities analysts have also recently issued reports on BWEN. Roth Capital reiterated a “buy” rating on shares of Broadwind in a research report on Thursday, March 3rd. HC Wainwright reiterated a “neutral” rating on shares of Broadwind in a research report on Thursday, March 3rd.

Shares of BWEN stock opened at $1.71 on Tuesday. The stock has a market capitalization of $34.23 million, a PE ratio of 19.00 and a beta of 1.25. Broadwind has a 52-week low of $1.46 and a 52-week high of $5.07. The stock’s 50-day moving average price is $1.78 and its 200 day moving average price is $1.91. The company has a quick ratio of 0.45, a current ratio of 1.14 and a debt-to-equity ratio of 0.07.

Broadwind (NASDAQ:BWENGet Rating) last released its earnings results on Friday, May 6th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.03. Broadwind had a negative return on equity of 19.49% and a net margin of 1.07%. The company had revenue of $41.84 million for the quarter, compared to analysts’ expectations of $29.58 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. Analysts expect that Broadwind will post -0.4 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Essex Investment Management Co. LLC lifted its stake in Broadwind by 26.1% in the 4th quarter. Essex Investment Management Co. LLC now owns 256,143 shares of the industrial products company’s stock valued at $482,000 after buying an additional 53,018 shares in the last quarter. Grace & White Inc. NY lifted its stake in shares of Broadwind by 11.7% during the 4th quarter. Grace & White Inc. NY now owns 1,669,457 shares of the industrial products company’s stock worth $3,139,000 after purchasing an additional 175,338 shares during the period. Baystate Wealth Management LLC purchased a new position in shares of Broadwind during the 4th quarter worth $32,000. Balyasny Asset Management LLC purchased a new position in shares of Broadwind during the 3rd quarter worth $64,000. Finally, Marshall Wace LLP lifted its stake in shares of Broadwind by 231.1% during the 3rd quarter. Marshall Wace LLP now owns 71,798 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 50,111 shares during the period. 22.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadwind Company Profile (Get Rating)

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.

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