Broadwind Energy (NASDAQ:BWEN) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Broadwind Energy, Inc. (NASDAQ:BWEN) shares passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $3.84 and traded as high as $3.91. Broadwind Energy shares last traded at $3.87, with a volume of 50,556 shares.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BWEN shares. Roth Capital reaffirmed a “buy” rating and set a $6.50 target price (up from $5.00) on shares of Broadwind Energy in a research note on Wednesday, August 12th. Wall Street Zen downgraded shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Broadwind Energy in a report on Thursday, August 27th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Broadwind Energy Price Performance

The firm has a market cap of $91.56 million, a price-to-earnings ratio of 16.83 and a beta of 1.76. The stock’s fifty day moving average price is $4.37 and its 200-day moving average price is $3.84. The company has a current ratio of 2.72, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.

Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings data on Tuesday, August 11th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Broadwind Energy had a negative return on equity of 1.54% and a net margin of 3.90%. The company had revenue of $8.19 million during the quarter, compared to analyst estimates of $34.97 million. As a group, equities research analysts forecast that Broadwind Energy, Inc. will post -0.10 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BWEN. Arrowstreet Capital Limited Partnership grew its holdings in shares of Broadwind Energy by 154.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock worth $905,000 after buying an additional 263,825 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Broadwind Energy by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 26,546 shares in the last quarter. Aristides Capital LLC acquired a new position in Broadwind Energy during the fourth quarter worth about $363,000. Empowered Funds LLC lifted its position in shares of Broadwind Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company’s stock valued at $266,000 after acquiring an additional 9,561 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Broadwind Energy in the 2nd quarter worth approximately $173,000. Institutional investors and hedge funds own 33.27% of the company’s stock.

Broadwind Energy Company Profile

Broadwind Energy, Inc (NASDAQ: BWEN) is a U.S.-based manufacturer of precision fabricated and machined components, equipment and services for the wind energy and other industrial markets. The company serves customers that require large-scale steel structures, complex assemblies and specialized manufacturing capabilities.

Broadwind’s offerings include tubular wind-turbine tower sections, heavy fabrications, precision machining, gearing and gear assemblies, industrial fabrication, and process systems.