Insider Sale: Broadwind, Inc. (NASDAQ: BWEN) Director sells 7,088 shares
Broadwind, Inc. (NASDAQ: BWEN) principal Stephanie K. Kushner sold 7,088 shares in a trade dated Thursday, December 16. The shares were sold for an average price of $ 2.10, for a total value of $ 14,884.80. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website.
NASDAQ: BWEN traded at $ 0.10 at midday Monday, hitting $ 1.96. 224,069 shares of the company were traded in the hands, compared to its average volume of 537,988. The company has a 50-day moving average of $ 2.74 and a two-hundred-day moving average of 3.38 $. Broadwind, Inc. has a 12-month low of $ 1.90 and a high of $ 12.89. The company has a market cap of $ 38.18 million, a price-to-earnings ratio of 8.52 and a beta of 1.41. The company has a current ratio of 1.38, a quick ratio of 0.66, and a debt ratio of 0.05.
Broadwind (NASDAQ: BWEN) last reported its quarterly results on Wednesday, November 10. The industrials company reported ($ 0.11) EPS for the quarter, missing Zacks’ consensus estimate of ($ 0.09) from ($ 0.02). Broadwind had a negative return on equity of 15.32% and a net margin of 3.11%. The company posted revenue of $ 40.39 million in the quarter, compared to a consensus estimate of $ 38.67 million. In the same quarter of the previous year, the company posted ($ 0.06) EPS. As a group, equity research analysts expect Broadwind, Inc. to post earnings per share of -0.69 for the current year.
A number of brokerage firms have recently commented on BWEN. Johnson Rice downgraded Broadwind from a “buy” rating to a “build up” rating in a report released on Tuesday, November 16. Zacks Investment Research downgraded Broadwind from a “hold” rating to a “sell” rating in a report released on Monday, November 15.
Hedge funds have recently changed their positions in the company. Wolverine Trading LLC purchased a new position in Broadwind shares during the third quarter valued at approximately $ 27,000. Morgan Stanley increased its stake in Broadwind by 64.6% in the 3rd quarter. Morgan Stanley now owns 10,748 shares of the industrials company valued at $ 28,000 after purchasing an additional 4,218 shares in the last quarter. Jump Financial LLC acquired a new stake in Broadwind during the 3rd quarter for a value of $ 46,000. UBS Group AG increased its stake in Broadwind by 213.4% during the 3rd quarter. UBS Group AG now owns 22,134 shares of the industrials company valued at $ 57,000 after purchasing an additional 15,072 shares in the last quarter. Finally, Citizens Financial Group Inc RI acquired a new stake in Broadwind during the second quarter for a value of $ 61,000. Institutional investors hold 27.32% of the company’s shares.
Broadwind Company Profile
Broadwind, Inc. is engaged in the manufacture of structures, equipment and components for clean technology and other specialized applications. It operates in the following business sectors: heavy manufacturing, gears and industrial solutions. The Heavy Manufacturing segment provides manufactures to customers in industrial markets.
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