Broadwind Energy (NASDAQ:BWEN) Downgraded by ValuEngine to “Hold”

ValuEngine cut shares of Broadwind Energy (NASDAQ:BWEN) from a buy rating to a hold rating in a report released on Monday, April 1st, ValuEngine reports.

A number of other research firms also recently weighed in on BWEN. Zacks Investment Research downgraded shares of Broadwind Energy from a hold rating to a sell rating in a research report on Friday, March 1st. Roth Capital began coverage on shares of Broadwind Energy in a research report on Thursday, December 20th. They issued a buy rating and a $6.00 target price for the company.

Shares of NASDAQ:BWEN remained flat at $$1.91 during midday trading on Monday. 17,047 shares of the company were exchanged, compared to its average volume of 21,529. Broadwind Energy has a fifty-two week low of $1.15 and a fifty-two week high of $2.99. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $30.12 million, a price-to-earnings ratio of -2.25 and a beta of 1.70.

Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings data on Tuesday, February 26th. The industrial products company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.14). The company had revenue of $27.19 million for the quarter, compared to analyst estimates of $25.00 million. Broadwind Energy had a negative return on equity of 24.05% and a negative net margin of 19.26%. Equities analysts predict that Broadwind Energy will post -0.22 earnings per share for the current year.

An institutional investor recently raised its position in Broadwind Energy stock. Grace & White Inc. NY grew its position in Broadwind Energy Inc. (NASDAQ:BWEN) by 16.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,812,742 shares of the industrial products company’s stock after acquiring an additional 261,755 shares during the period. Grace & White Inc. NY owned about 11.61% of Broadwind Energy worth $2,357,000 at the end of the most recent quarter. Institutional investors and hedge funds own 39.55% of the company’s stock.

Broadwind Energy Company Profile

Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and fabrications of heavy weldments for mining and other industrial customers.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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