Broadwind (NASDAQ:BWEN) Lifted to “Buy” at StockNews.com

Broadwind (NASDAQ:BWENGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other equities analysts also recently issued reports on BWEN. Roth Mkm upped their price objective on shares of Broadwind from $3.50 to $4.00 and gave the company a “buy” rating in a research note on Wednesday. HC Wainwright reissued a “buy” rating and set a $8.00 price target on shares of Broadwind in a research note on Wednesday, March 6th. Finally, Craig Hallum lowered their price objective on Broadwind from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th.

View Our Latest Stock Report on Broadwind

Broadwind Price Performance

Shares of NASDAQ BWEN traded up $0.17 during trading on Wednesday, reaching $2.61. The company had a trading volume of 161,412 shares, compared to its average volume of 88,556. The company has a current ratio of 1.30, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17. Broadwind has a twelve month low of $2.01 and a twelve month high of $4.84. The stock has a 50-day moving average price of $2.30 and a two-hundred day moving average price of $2.42. The stock has a market capitalization of $56.56 million, a PE ratio of 7.25 and a beta of 1.34.

Broadwind (NASDAQ:BWENGet Free Report) last announced its earnings results on Tuesday, May 14th. The industrial products company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.13. Broadwind had a net margin of 3.76% and a return on equity of 16.15%. The firm had revenue of $37.62 million during the quarter, compared to the consensus estimate of $34.13 million. During the same quarter in the previous year, the company posted $0.07 EPS. As a group, sell-side analysts predict that Broadwind will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On Broadwind

Several institutional investors and hedge funds have recently bought and sold shares of BWEN. Boston Partners increased its holdings in shares of Broadwind by 17.6% during the 3rd quarter. Boston Partners now owns 132,533 shares of the industrial products company’s stock worth $424,000 after buying an additional 19,816 shares during the last quarter. Perritt Capital Management Inc. raised its holdings in shares of Broadwind by 175.0% in the 3rd quarter. Perritt Capital Management Inc. now owns 110,000 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 70,000 shares during the period. Quadrature Capital Ltd lifted its stake in shares of Broadwind by 68.9% in the 3rd quarter. Quadrature Capital Ltd now owns 47,916 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 19,550 shares in the last quarter. Grace & White Inc. NY grew its holdings in shares of Broadwind by 25.3% during the 4th quarter. Grace & White Inc. NY now owns 1,606,590 shares of the industrial products company’s stock worth $4,450,000 after purchasing an additional 324,226 shares during the period. Finally, TSA Wealth Managment LLC acquired a new stake in Broadwind during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 33.27% of the company’s stock.

About Broadwind

(Get Free Report)

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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