Broadwind, Inc. (NASDAQ:BWEN – Get Free Report) Director Sachin M. Shivaram purchased 10,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $2.18 per share, for a total transaction of $21,800.00. Following the acquisition, the director now directly owns 64,512 shares in the company, valued at approximately $140,636.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Broadwind Stock Performance
BWEN traded down $0.17 during trading on Monday, hitting $2.19. The stock had a trading volume of 296,926 shares, compared to its average volume of 547,723. The firm has a market cap of $46.91 million, a PE ratio of 12.88 and a beta of 1.57. Broadwind, Inc. has a 12 month low of $1.61 and a 12 month high of $6.10. The company has a current ratio of 1.18, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. The company has a 50 day simple moving average of $3.03 and a 200-day simple moving average of $3.65.
Broadwind (NASDAQ:BWEN – Get Free Report) last announced its earnings results on Monday, November 13th. The industrial products company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. The firm had revenue of $57.16 million for the quarter, compared to the consensus estimate of $58.64 million. Broadwind had a net margin of 1.89% and a return on equity of 9.00%. During the same quarter last year, the firm posted ($0.09) EPS. Analysts expect that Broadwind, Inc. will post 0.38 EPS for the current year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of research firms have recently weighed in on BWEN. HC Wainwright cut their price target on shares of Broadwind from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, November 14th. Roth Mkm reiterated a “buy” rating and issued a $6.00 target price on shares of Broadwind in a report on Wednesday, August 16th. Finally, StockNews.com downgraded shares of Broadwind from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.67.
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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