JELD-WEN (NYSE:JELD) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.54 and traded as low as $1.96. JELD-WEN shares last traded at $2.0050, with a volume of 1,449,343 shares trading hands.

Analyst Ratings Changes

JELD has been the subject of several analyst reports. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $3.75 to $3.25 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Zacks Research upgraded shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Barclays set a $2.50 price objective on shares of JELD-WEN in a research note on Monday, December 8th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded shares of JELD-WEN from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, JELD-WEN has an average rating of “Reduce” and a consensus price target of $3.35.

JELD-WEN Price Performance

The company has a quick ratio of 0.99, a current ratio of 1.76 and a debt-to-equity ratio of 12.47. The firm’s fifty day moving average price is $2.51 and its 200 day moving average price is $3.60. The stock has a market cap of $158.44 million, a PE ratio of -0.26 and a beta of 1.76.

JELD-WEN (NYSE:JELD) last posted its earnings results on Tuesday, February 17th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.19). JELD-WEN had a negative net margin of 18.96% and a negative return on equity of 29.63%. The company had revenue of $801.96 million for the quarter, compared to analysts’ expectations of $747.20 million. As a group, equities analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Several institutional investors have recently added to or reduced their stakes in JELD. Royal Bank of Canada raised its holdings in shares of JELD-WEN by 66.1% during the 1st quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock worth $321,000 after acquiring an additional 21,346 shares in the last quarter. AQR Capital Management LLC raised its stake in JELD-WEN by 37.5% during the first quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock valued at $2,244,000 after purchasing an additional 102,543 shares in the last quarter. Millennium Management LLC lifted its position in JELD-WEN by 42.7% during the first quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock valued at $5,390,000 after purchasing an additional 270,226 shares during the last quarter. Empowered Funds LLC grew its stake in shares of JELD-WEN by 3.1% in the 1st quarter. Empowered Funds LLC now owns 442,547 shares of the company’s stock worth $2,642,000 after buying an additional 13,115 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of JELD-WEN by 82.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock worth $2,367,000 after buying an additional 179,615 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.