Shares of Babcock & Wilcox Enterprises Inc. (NYSE:BW) were up 3.1% during mid-day trading on Wednesday . The company traded as high as $16.30 and last traded at $15.73, with a volume of 704,062 shares changing hands. The stock had previously closed at $15.25.

Separately, Zacks Investment Research lowered Babcock & Wilcox Enterprises from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 30th.

The firm has a 50 day moving average price of $15.92 and a 200-day moving average price of $19.70. The company has a market cap of $798.13 million and a price-to-earnings ratio of 50.32.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.05. During the same period last year, the business posted $0.27 earnings per share. The firm had revenue of $383.20 million for the quarter, compared to analyst estimates of $432.54 million. Babcock & Wilcox Enterprises’s quarterly revenue was down 12.4% on a year-over-year basis. On average, equities research analysts forecast that Babcock & Wilcox Enterprises Inc. will post $0.69 EPS for the current fiscal year.

A hedge fund recently raised its stake in Babcock & Wilcox Enterprises stock. Brandes Investment Partners LP raised its position in Babcock & Wilcox Enterprises Inc. (NYSE:BW) by 155.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,040 shares of the company’s stock after buying an additional 29,844 shares during the period. Brandes Investment Partners LP owned 0.09% of Babcock & Wilcox Enterprises worth $1,024,000 at the end of the most recent quarter.

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Global Power, Global Services and Industrial Environmental.

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