Stocks of Broadwind Inc (NASDAQ:BWEN) traded higher last session on Wall Street, up 12.30% to $4.11.
BWEN stock price is now 68.36% away from the 50-day moving average and 48.72% away from the 200-day moving average. The market capitalization of the company currently stands at $89.31M.
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With the price target maintained at $12, H.C. Wainwright recently Upgraded its rating from Neutral to Buy for Broadwind Inc (NASDAQ: BWEN). , while ‘H.C. Wainwright’ rates the stock as ‘Neutral’
In other news, Shivaram Sachin M, Director bought 10,000 shares of the company’s stock on Nov 16 ’23. The stock was bought for $21,800 at an average price of $2.18. Upon completion of the transaction, the Director now directly owns 64,512 shares in the company, valued at $0.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06 ’23, Director Wagner Thomas A. sold 10,000 shares of the business’s stock. A total of $39,926 was realized by selling the stock at an average price of $3.99. This leaves the insider owning 83,683 shares of the company worth $0.34 million. A total of 13.31% of the company’s stock is owned by insiders.
During the past 12 months, Broadwind Inc has had a low of $2.01 and a high of $4.81. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 1.47, and a quick ratio of 0.53. According to the stock market information, the enterprise value for the company is $120021424, which is based on a 10.58 price-to-earnings ratio, a 0.44 price-to-earnings-growth ratio, and a beta of 1.47. The fifty day moving average price for BWEN is $2.4778 and a two-hundred day moving average price translates $2.7682 for the stock.
The latest earnings results from Broadwind Inc (NASDAQ: BWEN) was released for 2021-12-31. The net profit margin was 4.36% and return on equity was 15.90% for BWEN. The company reported revenue of $37.62 million for the quarter, compared to $48.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.03 percent.
