Babcock & Wilcox Enterprises Inc (NYSE:BW)’s share price dropped 6.5% during mid-day trading on Friday . The stock traded as low as $1.01 and last traded at $1.01. Approximately 1,787,633 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 1,791,744 shares. The stock had previously closed at $1.08.

The company has a current ratio of 1.18, a quick ratio of 1.06 and a debt-to-equity ratio of 3.53.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its quarterly earnings results on Thursday, August 9th. The technology company reported ($0.25) earnings per share (EPS) for the quarter. Babcock & Wilcox Enterprises had a negative net margin of 42.83% and a negative return on equity of 127.13%. The firm had revenue of $291.30 million during the quarter.

Hedge funds have recently made changes to their positions in the company. Steel Partners Holdings L.P. lifted its position in Babcock & Wilcox Enterprises by 328.6% in the 2nd quarter. Steel Partners Holdings L.P. now owns 29,975,041 shares of the technology company’s stock valued at $71,341,000 after acquiring an additional 22,981,822 shares in the last quarter. B. Riley Financial Inc. bought a new stake in Babcock & Wilcox Enterprises in the 2nd quarter valued at $26,878,000. BlackRock Inc. lifted its position in Babcock & Wilcox Enterprises by 88.6% in the 2nd quarter. BlackRock Inc. now owns 6,267,257 shares of the technology company’s stock valued at $14,917,000 after acquiring an additional 2,944,966 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Babcock & Wilcox Enterprises by 251.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,127,651 shares of the technology company’s stock valued at $14,584,000 after acquiring an additional 4,385,355 shares in the last quarter. Finally, Engaged Capital LLC lifted its position in Babcock & Wilcox Enterprises by 255.5% in the 2nd quarter. Engaged Capital LLC now owns 4,828,536 shares of the technology company’s stock valued at $11,492,000 after acquiring an additional 3,470,211 shares in the last quarter. 70.94% of the stock is owned by institutional investors.

About Babcock & Wilcox Enterprises (NYSE:BW)

Babcock & Wilcox Enterprises, Inc provides fossil and renewable power generation and environmental equipment for the power and industrial markets worldwide. Its Power segment offers boiler cleaning and material handling equipment; and supercritical, subcritical, fluidized bed, chemical recovery, industrial power, package, and waste heat boilers, as well as heat recovery steam generators.

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