Babcock & Wilcox Enterprises (NYSE:BW) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Babcock & Wilcox Enterprises (NYSE:BW) in a research report sent to investors on Saturday morning. The firm issued a sell rating on the technology company’s stock.

BW has been the subject of a number of other research reports. DA Davidson cut shares of Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Lake Street Capital dropped their price objective on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st.

Babcock & Wilcox Enterprises Price Performance

NYSE:BW opened at $0.42 on Friday. The stock has a market cap of $41.30 million, a P/E ratio of -0.51 and a beta of 1.46. Babcock & Wilcox Enterprises has a one year low of $0.22 and a one year high of $2.99. The company has a fifty day moving average price of $0.70 and a 200 day moving average price of $1.45.

Babcock & Wilcox Enterprises (NYSE:BW) last released its earnings results on Monday, March 31st. The technology company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The company had revenue of $200.80 million for the quarter, compared to analysts’ expectations of $213.07 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Babcock & Wilcox Enterprises by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 12,159 shares in the last quarter. Equitec Proprietary Markets LLC boosted its holdings in shares of Babcock & Wilcox Enterprises by 1,449.3% in the 4th quarter. Equitec Proprietary Markets LLC now owns 255,100 shares of the technology company’s stock worth $418,000 after acquiring an additional 238,635 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new position in shares of Babcock & Wilcox Enterprises in the 4th quarter worth approximately $84,000. Barclays PLC boosted its holdings in shares of Babcock & Wilcox Enterprises by 31,891.1% in the 3rd quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock worth $66,000 after acquiring an additional 32,210 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Babcock & Wilcox Enterprises in the 4th quarter worth approximately $136,000. 83.17% of the stock is owned by institutional investors and hedge funds.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.