StockNews.com Begins Coverage on Babcock & Wilcox Enterprises (NYSE:BW)

StockNews.com started coverage on shares of Babcock & Wilcox Enterprises (NYSE:BW – Get Rating) in a report published on Thursday morning. The brokerage issued a sell rating on the technology company’s stock.

Separately, TheStreet downgraded shares of Babcock & Wilcox Enterprises from a c- rating to a d+ rating in a report on Friday, November 25th.

Babcock & Wilcox Enterprises Trading Up 1.5 %

Shares of Babcock & Wilcox Enterprises stock opened at $5.59 on Thursday. Babcock & Wilcox Enterprises has a 12-month low of $3.89 and a 12-month high of $8.94. The company has a market cap of $495.46 million, a price-to-earnings ratio of -13.00 and a beta of 1.95. The company has a current ratio of 1.56, a quick ratio of 1.25 and a debt-to-equity ratio of 11.36. The company’s 50-day moving average price is $6.30 and its 200-day moving average price is $6.12.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the stock. ARS Investment Partners LLC bought a new position in Babcock & Wilcox Enterprises during the third quarter valued at approximately $178,000. B. Riley Financial Inc. grew its position in Babcock & Wilcox Enterprises by 6.1% during the third quarter. B. Riley Financial Inc. now owns 26,787,339 shares of the technology company’s stock valued at $170,903,000 after acquiring an additional 1,541,666 shares during the last quarter. Essex Investment Management Co. LLC grew its position in Babcock & Wilcox Enterprises by 2.7% during the third quarter. Essex Investment Management Co. LLC now owns 354,881 shares of the technology company’s stock valued at $2,264,000 after acquiring an additional 9,420 shares during the last quarter. SG Americas Securities LLC bought a new position in Babcock & Wilcox Enterprises during the third quarter valued at approximately $90,000. Finally, Weil Company Inc. bought a new position in Babcock & Wilcox Enterprises during the third quarter valued at approximately $85,000. 83.93% of the stock is owned by hedge funds and other institutional investors.

About Babcock & Wilcox Enterprises

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Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.