Babcock & Wilcox Enterprises (NYSE:BW) Rating Lowered to “Sell” at StockNews.com

Babcock & Wilcox Enterprises (NYSE:BW) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

Babcock & Wilcox Enterprises Price Performance

Shares of BW stock opened at $1.99 on Monday. The stock has a market capitalization of $187.70 million, a PE ratio of -2.40 and a beta of 1.73. The business’s 50 day simple moving average is $2.10 and its 200 day simple moving average is $1.62. Babcock & Wilcox Enterprises has a one year low of $0.75 and a one year high of $2.99.

Institutional Trading of Babcock & Wilcox Enterprises

Institutional investors have recently bought and sold shares of the company. Delta Financial Group Inc. boosted its holdings in shares of Babcock & Wilcox Enterprises by 90.9% during the 3rd quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock worth $43,000 after buying an additional 10,000 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Babcock & Wilcox Enterprises by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 12,159 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in Babcock & Wilcox Enterprises in the third quarter worth $41,000. GSA Capital Partners LLP grew its holdings in Babcock & Wilcox Enterprises by 1.5% in the third quarter. GSA Capital Partners LLP now owns 1,469,620 shares of the technology company’s stock worth $2,998,000 after purchasing an additional 21,694 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Babcock & Wilcox Enterprises in the first quarter valued at $26,000. 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.