Babcock & Wilcox Enterprises Inc. (NYSE:BW) traded down 3.4% on Wednesday . The stock traded as low as $16.19 and last traded at $16.30, with a volume of 140,846 shares trading hands. The stock had previously closed at $16.88.

A number of research analysts have issued reports on BW shares. Zacks Investment Research cut Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, August 25th. KeyCorp reiterated an “outperform” rating and set a $22.00 price objective on shares of Babcock & Wilcox Enterprises in a research note on Wednesday, August 24th.

The stock’s 50-day moving average price is $15.98 and its 200 day moving average price is $19.36. The company’s market capitalization is $845.70 million.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.05. The business earned $383.20 million during the quarter, compared to analyst estimates of $432.54 million. Babcock & Wilcox Enterprises’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. On average, equities analysts forecast that Babcock & Wilcox Enterprises Inc. will post $0.73 EPS for the current fiscal year.

In other news, Director Thomas A. Christopher acquired 2,466 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were bought at an average price of $16.20 per share, with a total value of $39,949.20. Following the completion of the purchase, the director now directly owns 4,426 shares in the company, valued at $71,701.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman E James Ferland, Jr. acquired 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was purchased at an average cost of $16.22 per share, for a total transaction of $648,800.00. Following the purchase, the chairman now owns 173,664 shares of the company’s stock, valued at $2,816,830.08. The disclosure for this purchase can be found here.

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.