Babcock & Wilcox Enterprises (NYSE:BW) Share Price Crosses Above 200 Day Moving Average of $1.25

Babcock & Wilcox Enterprises, Inc. (NYSE:BW)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.25 and traded as high as $1.67. Babcock & Wilcox Enterprises shares last traded at $1.56, with a volume of 1,442,243 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BW. StockNews.com downgraded Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. DA Davidson reduced their target price on shares of Babcock & Wilcox Enterprises from $4.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, March 19th. Finally, Lake Street Capital lowered their price target on shares of Babcock & Wilcox Enterprises from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th.

Babcock & Wilcox Enterprises Stock Up 0.6 %

The stock has a market capitalization of $141.98 million, a P/E ratio of -0.64 and a beta of 1.71. The stock has a 50 day simple moving average of $1.27 and a two-hundred day simple moving average of $1.25.

Babcock & Wilcox Enterprises (NYSE:BW) last released its earnings results on Thursday, May 9th. The technology company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.12). The company had revenue of $207.60 million for the quarter, compared to analyst estimates of $226.70 million. Sell-side analysts predict that Babcock & Wilcox Enterprises, Inc. will post 0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its stake in shares of Babcock & Wilcox Enterprises by 225.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,924,748 shares of the technology company’s stock worth $2,810,000 after acquiring an additional 1,334,240 shares during the period. GSA Capital Partners LLP boosted its position in Babcock & Wilcox Enterprises by 543.8% during the third quarter. GSA Capital Partners LLP now owns 180,951 shares of the technology company’s stock worth $762,000 after purchasing an additional 152,843 shares during the period. Walleye Capital LLC grew its stake in Babcock & Wilcox Enterprises by 828.9% in the 3rd quarter. Walleye Capital LLC now owns 312,360 shares of the technology company’s stock valued at $1,315,000 after buying an additional 278,734 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Babcock & Wilcox Enterprises by 1,398,050.0% in the fourth quarter. Russell Investments Group Ltd. now owns 671,112 shares of the technology company’s stock valued at $980,000 after purchasing an additional 671,064 shares during the last quarter. Finally, Trexquant Investment LP grew its holdings in Babcock & Wilcox Enterprises by 365.5% in the 3rd quarter. Trexquant Investment LP now owns 183,167 shares of the technology company’s stock valued at $771,000 after buying an additional 143,815 shares in the last quarter. Institutional investors own 83.17% of the company’s stock.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.