Broadwind Energy Inc. (NASDAQ:BWEN) saw a significant decrease in short interest in June. As of June 30th, there was short interest totalling 14,500 shares, a decrease of 31.0% from the May 30th total of 21,000 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 39,800 shares, the short-interest ratio is currently 0.4 days.
BWEN has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Roth Capital upped their price objective on shares of Broadwind Energy from $2.50 to $2.75 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.
NASDAQ BWEN traded down $0.10 during trading hours on Thursday, hitting $2.20. The company had a trading volume of 38,200 shares, compared to its average volume of 31,161. The firm has a 50 day moving average of $2.11. Broadwind Energy has a 1-year low of $1.15 and a 1-year high of $2.59. The company has a current ratio of 0.84, a quick ratio of 0.36 and a debt-to-equity ratio of 0.45. The stock has a market cap of $36.27 million, a P/E ratio of -2.59 and a beta of 1.87.
About Broadwind Energy
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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