Broadwind (NASDAQ:BWEN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Broadwind (NASDAQ:BWEN – Get Rating) in a research note published on Wednesday. The firm issued a sell rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the stock. HC Wainwright restated a neutral rating on shares of Broadwind in a report on Thursday, March 3rd. Roth Capital reaffirmed a buy rating on shares of Broadwind in a research report on Thursday, March 3rd.

Broadwind stock opened at $1.62 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.45 and a current ratio of 1.14. Broadwind has a 52-week low of $1.46 and a 52-week high of $4.58. The firm has a 50 day moving average price of $1.72 and a two-hundred day moving average price of $1.88. The firm has a market cap of $32.43 million, a price-to-earnings ratio of 18.00 and a beta of 1.25.

Broadwind (NASDAQ:BWEN – Get Rating) last released its quarterly earnings results on Friday, May 6th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.03. Broadwind had a net margin of 1.07% and a negative return on equity of 19.49%. The firm had revenue of $41.84 million during the quarter, compared to analyst estimates of $29.58 million. During the same quarter last year, the business earned ($0.07) EPS. As a group, equities research analysts predict that Broadwind will post -0.4 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP grew its position in Broadwind by 231.1% in the 3rd quarter. Marshall Wace LLP now owns 71,798 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 50,111 shares during the period. Balyasny Asset Management LLC acquired a new stake in Broadwind in the 3rd quarter valued at $64,000. Baystate Wealth Management LLC acquired a new stake in Broadwind in the 4th quarter valued at $32,000. Grace & White Inc. NY grew its position in Broadwind by 11.7% in the 4th quarter. Grace & White Inc. NY now owns 1,669,457 shares of the industrial products company’s stock valued at $3,139,000 after purchasing an additional 175,338 shares during the period. Finally, Essex Investment Management Co. LLC grew its position in Broadwind by 26.1% in the 4th quarter. Essex Investment Management Co. LLC now owns 256,143 shares of the industrial products company’s stock valued at $482,000 after purchasing an additional 53,018 shares during the period. 22.43% of the stock is owned by institutional investors.

Broadwind Company Profile (Get Rating)

Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.

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