Broadwind Energy Inc. (NASDAQ:BWEN) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 7,000 shares, an increase of 25.0% from the June 30th total of 5,600 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 41,800 shares, the days-to-cover ratio is currently 0.2 days.
Shares of Broadwind Energy stock traded down $0.07 during trading on Wednesday, reaching $1.65. The company had a trading volume of 230 shares, compared to its average volume of 32,343. The firm has a market capitalization of $29.90 million, a P/E ratio of -2.01 and a beta of 1.88. The firm’s fifty day simple moving average is $2.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.32 and a current ratio of 0.85. Broadwind Energy has a fifty-two week low of $1.15 and a fifty-two week high of $2.59.
Broadwind Energy (NASDAQ:BWEN) last issued its earnings results on Friday, August 2nd. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $41.17 million for the quarter, compared to analyst estimates of $41.50 million. Broadwind Energy had a negative net margin of 10.78% and a negative return on equity of 19.96%. On average, equities analysts forecast that Broadwind Energy will post -0.21 EPS for the current fiscal year.
BWEN has been the topic of a number of recent analyst reports. Roth Capital upped their target price on shares of Broadwind Energy from $2.50 to $2.75 and gave the company a “buy” rating in a research note on Monday, April 29th. ValuEngine lowered shares of Broadwind Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Zacks Investment Research lowered shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th.
An institutional investor recently raised its position in Broadwind Energy stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Broadwind Energy Inc. (NASDAQ:BWEN) by 69.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,270 shares of the industrial products company’s stock after buying an additional 7,900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.12% of Broadwind Energy worth $43,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 36.29% 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.
Featured Story: Coverage Ratio
Receive News & Ratings for Broadwind Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadwind Energy and related companies with MarketBeat.com's FREE daily email newsletter.