Broadwind Energy (NASDAQ:BWEN) Lowered to Sell Rating by Wall Street Zen

Broadwind Energy (NASDAQ:BWEN) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Separately, Weiss Ratings upgraded shares of Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Broadwind Energy Stock Down 0.5%

Shares of NASDAQ:BWEN traded down $0.02 during mid-day trading on Friday, reaching $4.42. 691,268 shares of the stock were exchanged, compared to its average volume of 426,129. The stock’s 50 day simple moving average is $3.99 and its 200-day simple moving average is $3.12. Broadwind Energy has a one year low of $1.84 and a one year high of $5.40. The company has a market cap of $103.43 million, a P/E ratio of 20.09 and a beta of 1.74. The company has a quick ratio of 0.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.11.

Broadwind Energy (NASDAQ:BWEN) last released its earnings results on Tuesday, May 12th. The industrial products company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.05. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.30%.The firm had revenue of $34.06 million for the quarter, compared to analysts’ expectations of $32.72 million. As a group, equities research analysts predict that Broadwind Energy will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Aristides Capital LLC bought a new position in shares of Broadwind Energy in the fourth quarter valued at $363,000. Macco Financial Group Inc. bought a new stake in Broadwind Energy during the fourth quarter worth $59,000. Pekin Hardy Strauss Inc. lifted its stake in Broadwind Energy by 41.5% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 75,000 shares of the industrial products company’s stock valued at $212,000 after acquiring an additional 22,000 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Broadwind Energy by 123.0% in the first quarter. NewEdge Advisors LLC now owns 27,200 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Broadwind Energy by 8.1% in 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. 33.27% of the stock is currently owned by institutional investors.

Broadwind Energy Company Profile

Broadwind Energy, Inc (NASDAQ: BWEN) is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company’s offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.