Broadwind Energy, Inc. (NASDAQ:BWEN)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.60 and last traded at $2.60, with a volume of 38429 shares. The stock had previously closed at $2.64.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Roth Capital set a $5.00 price objective on Broadwind Energy and gave the stock a “buy” rating in a research report on Tuesday, October 31st. ValuEngine downgraded Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Cowen and Company restated an “outperform” rating and set a $8.00 price objective (down from $9.00) on shares of Broadwind Energy in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $6.50.

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.43 and a current ratio of 0.99.

Broadwind Energy (NASDAQ:BWEN) last issued its earnings results on Tuesday, October 31st. The industrial products company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.02. The business had revenue of $29.60 million during the quarter, compared to the consensus estimate of $29.84 million. Broadwind Energy had a negative return on equity of 1.31% and a net margin of 2.05%. The firm’s revenue for the quarter was down 30.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. research analysts predict that Broadwind Energy, Inc. will post -0.07 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of BWEN. Dimensional Fund Advisors LP increased its holdings in Broadwind Energy by 110.3% in the first quarter. Dimensional Fund Advisors LP now owns 109,657 shares of the industrial products company’s stock worth $913,000 after purchasing an additional 57,522 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Broadwind Energy by 33.0% in the first quarter. Renaissance Technologies LLC now owns 831,190 shares of the industrial products company’s stock worth $6,924,000 after purchasing an additional 206,200 shares in the last quarter. KCG Holdings Inc. bought a new stake in Broadwind Energy in the first quarter worth approximately $154,000. Goldman Sachs Group Inc. increased its holdings in Broadwind Energy by 27.9% in the first quarter. Goldman Sachs Group Inc. now owns 116,684 shares of the industrial products company’s stock worth $972,000 after purchasing an additional 25,466 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Broadwind Energy in the second quarter valued at approximately $226,000. Institutional investors and hedge funds own 55.59% of the company’s stock.

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About Broadwind Energy

Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.

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