HC Wainwright Issues Pessimistic Forecast for Broadwind (NASDAQ:BWEN) Stock Price

Broadwind (NASDAQ:BWEN) had its price target decreased by equities researchers at HC Wainwright from $8.00 to $6.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. HC Wainwright’s target price would suggest a potential upside of 292.16% from the company’s previous close.

Broadwind Stock Performance

NASDAQ:BWEN opened at $1.53 on Thursday. The company has a fifty day moving average of $1.78 and a 200-day moving average of $1.91. The firm has a market capitalization of $33.83 million, a P/E ratio of 10.93 and a beta of 1.41. The company has a quick ratio of 0.52, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. Broadwind has a twelve month low of $1.46 and a twelve month high of $4.65.

Broadwind (NASDAQ:BWEN) last issued its quarterly earnings results on Wednesday, March 5th. The industrial products company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The company had revenue of $33.57 million for the quarter, compared to the consensus estimate of $31.54 million. Broadwind had a net margin of 2.01% and a return on equity of 5.39%. As a group, sell-side analysts anticipate that Broadwind will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Broadwind

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWEN. Mariner LLC bought a new stake in Broadwind in the 4th quarter valued at about $56,000. Squarepoint Ops LLC bought a new stake in shares of Broadwind during the fourth quarter valued at about $76,000. Bridgeway Capital Management LLC increased its position in shares of Broadwind by 11.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 90,387 shares of the industrial products company’s stock valued at $170,000 after buying an additional 9,176 shares during the period. Empowered Funds LLC increased its position in shares of Broadwind by 52.7% during the third quarter. Empowered Funds LLC now owns 81,211 shares of the industrial products company’s stock valued at $184,000 after buying an additional 28,021 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of Broadwind by 26.9% during the third quarter. GSA Capital Partners LLP now owns 150,079 shares of the industrial products company’s stock valued at $341,000 after buying an additional 31,792 shares during the period. 33.27% of the stock is currently owned by institutional investors.

Broadwind Company Profile

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.