Babcock & Wilcox Enterprises, Inc. (NYSE:BW – Get Free Report) SVP Christopher S. Riker bought 20,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average price of $1.12 per share, for a total transaction of $22,400.00. Following the completion of the transaction, the senior vice president now directly owns 77,597 shares of the company’s stock, valued at approximately $86,908.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Babcock & Wilcox Enterprises Stock Up 16.3 %
NYSE:BW opened at $1.78 on Friday. The stock has a market cap of $159.08 million, a PE ratio of -1.11 and a beta of 2.09. The business’s 50-day simple moving average is $3.17 and its two-hundred day simple moving average is $4.76. Babcock & Wilcox Enterprises, Inc. has a 52 week low of $0.96 and a 52 week high of $6.83.
Babcock & Wilcox Enterprises (NYSE:BW – Get Free Report) last posted its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.27). The business had revenue of $239.40 million during the quarter, compared to the consensus estimate of $300.00 million. Babcock & Wilcox Enterprises had a negative return on equity of 3,839.48% and a negative net margin of 12.25%. Sell-side analysts anticipate that Babcock & Wilcox Enterprises, Inc. will post -0.39 earnings per share for the current fiscal year.
Institutional Trading of Babcock & Wilcox Enterprises
Analyst Ratings Changes
BW has been the topic of a number of analyst reports. Craig Hallum cut Babcock & Wilcox Enterprises from a “buy” rating to a “hold” rating and lowered their price objective for the company from $10.00 to $2.00 in a research report on Friday, November 10th. StockNews.com lowered shares of Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, November 13th.
About Babcock & Wilcox Enterprises
Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to a range of industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.
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