It is currently trading at $2.84 which is significantly lower than the 50 day moving average which is $3.26 and impressively lower than the 200 day moving average of $4.76. The 50 day moving average was down by -12.96% and the 200 day average was down $-1.92. Broadwind Energy, Inc. shares had a trading volume of 6,195 in the last trading session. Volume was down 96.23% under the stocks average daily volume.
Short traders are feeling a little more bearish on Broadwind Energy, Inc. of late if you evaluate the change in short interest. The firm recorded a rise in short interest of 23.82% as of September 29, 2017 from the last reporting period. Short shares grew from 291,197 to 360,555 over that timeframe. The short-interest ratio increased to 8.0 and the short interest percentage is 0.02% as of September 29.
There has been some buying insider activity on Broadwind Energy, Inc. (NASDAQ:BWEN) recently. David P. Reiland, Director bought $9,270 worth of shares at a price of $3.09 on August 17th. That brings Reiland’s holdings to $168,612 per an SEC filing yesterday.
A few notable investment firms have updated their holdings. As of the end of the quarter Clarivest Asset Management LLC had sold 12,657 shares trimming its stake by 31.0%. The value of the investment in BWEN decreased from $340,000 to $142,000 decreasing 58.2% for the reporting period. As of quarter end Numeric Investors LLC had acquired a total of 307,687 shares growing its holdings by 60.3%. The value of the investment in Broadwind Energy, Inc. went from $4,252,000 to $4,123,000 a change of $129,000 quarter over quarter.
Tower Research Capital LLC (trc) expanded its stake by buying 2,389 shares an increase of 711.0% in the quarter. Tower Research Capital LLC (trc) owns 2,725 shares valued at $14,000. The value of the position overall is up by 1,300.0%. As of the end of the quarter Spark Investment Management LLC had disposed of 14,300 shares trimming its position 54.4%. The value of the company’s investment in Broadwind Energy, Inc. decreased from $219,000 to $60,000 a change of 72.6% since the last quarter.
The P/E ratio is currently 6.45 and market capitalization is 42.70M. As of the latest earnings report the EPS was $0.44 and is projected to be $0.13 for the current year with 15,036,000 shares presently outstanding. Next quarter’s EPS is estimated at $-0.03 with next year’s EPS anticipated to be $0.25.
Broadwind Energy, Inc., launched on June 20, 2008, provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing. Within the United States wind energy industry, it provides products and services to wind turbine manufacturers. It also provides precision gearing and specialty weldments to a range of industrial customers for oil and gas, mining, steel and other industrial applications..