ValuEngine downgraded shares of Broadwind Energy (NASDAQ:BWEN) from a sell rating to a strong sell rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research raised Broadwind Energy from a sell rating to a hold rating in a report on Tuesday, December 31st.

Shares of BWEN traded up $0.14 on Thursday, hitting $2.11. The company’s stock had a trading volume of 59,762 shares, compared to its average volume of 34,929. The company has a market capitalization of $34.52 million, a PE ratio of -2.15 and a beta of 1.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.85 and a quick ratio of 0.38. Broadwind Energy has a fifty-two week low of $1.29 and a fifty-two week high of $2.59. The company has a 50 day moving average price of $1.65 and a 200 day moving average price of $1.68.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. raised its position in shares of Broadwind Energy by 21.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 502,339 shares of the industrial products company’s stock valued at $839,000 after acquiring an additional 90,347 shares during the last quarter. Essex Investment Management Co. LLC raised its position in shares of Broadwind Energy by 3.7% during the 4th quarter. Essex Investment Management Co. LLC now owns 422,593 shares of the industrial products company’s stock valued at $702,000 after acquiring an additional 14,941 shares during the last quarter. Grace & White Inc. NY raised its position in shares of Broadwind Energy by 1.1% during the 4th quarter. Grace & White Inc. NY now owns 1,777,746 shares of the industrial products company’s stock valued at $2,951,000 after acquiring an additional 19,004 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Broadwind Energy by 35.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,070 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 6,800 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Broadwind Energy by 41.9% during the 2nd quarter. Vanguard Group Inc. now owns 540,684 shares of the industrial products company’s stock valued at $1,200,000 after acquiring an additional 159,647 shares during the last quarter. 40.31% of the stock is currently owned by institutional investors and hedge funds.

Broadwind Energy Company Profile

Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and fabrications of heavy weldments for mining and other industrial customers.

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