Babcock & Wilcox Enterprises (NYSE:BW) Downgraded by StockNews.com to “Sell”

Babcock & Wilcox Enterprises (NYSE:BW) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Babcock & Wilcox Enterprises Stock Up 5.3 %

BW stock opened at $1.99 on Monday. The firm has a market capitalization of $187.70 million, a PE ratio of -2.40 and a beta of 1.73. Babcock & Wilcox Enterprises has a twelve month low of $0.75 and a twelve month high of $2.99. The stock’s 50 day moving average is $2.10 and its 200-day moving average is $1.62.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

Institutional investors have recently added to or reduced their stakes in the company. Delta Financial Group Inc. lifted its position in shares of Babcock & Wilcox Enterprises by 90.9% during the 3rd quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock worth $43,000 after buying an additional 10,000 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Babcock & Wilcox Enterprises by 2.0% during the third quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 12,159 shares during the last quarter. Thompson Davis & CO. Inc. bought a new stake in Babcock & Wilcox Enterprises during the third quarter worth $41,000. GSA Capital Partners LLP boosted its position in Babcock & Wilcox Enterprises by 1.5% in the third quarter. GSA Capital Partners LLP now owns 1,469,620 shares of the technology company’s stock worth $2,998,000 after purchasing an additional 21,694 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Babcock & Wilcox Enterprises in the 1st quarter valued at $26,000. 83.17% of the stock is owned by institutional investors.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.