Broadwind Energy, Inc. (NASDAQ:BWEN) Moving Today – Up $0.04

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Broadwind Energy, Inc. (NASDAQ:BWEN) last traded at $3.17 having a low of $3.12 and high of $3.28. This difference between the high and low qualifies the stock as one of the day’s most volatile.

Company shares are trading at $3.17 which is marginally lower than the 50 day moving average which is $3.35 and which is significantly below the 200 day moving average of $5.05. The 50 day moving average went down $-0.18 or -5.39% whereas the 200 day moving average was down $-1.88 or -37.20%.

Short Interest

Short traders are feeling a little more bullish on the company as implied by the decrease in short interest. The stock saw a fall in short interest of -5.13% as of September 15, 2017 from the last reporting period. Short shares decreased from 306,931 to 291,197 over that timeframe. The days to cover increased to 7.0 and the percentage of shorted shares is 0.02% as of September 15.

Insider Activity

Broadwind Energy, Inc. (NASDAQ:BWEN) has been the object of insider buying activity recently. Director David P. Reiland acquired 3,000 shares at a price of $3.09 on Thu the 17th. The Director now owns $168,612 of the stock per an SEC filing yesterday.

Earnings Per Share

Broadwind Energy, Inc.’s P/E ratio is 7.20 and market cap is 47.66M. In the latest earnings report the EPS was $0.44 and is projected to be $0.12 for the current year with 15,036,000 shares outstanding. Analysts expect next quarter’s EPS to be $-0.03 with next year’s EPS projected to be $0.24.

Company Information

Broadwind Energy, Inc., launched on June 20, 2008, provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing. Within the United States wind energy industry, it provides products and services to wind turbine manufacturers. It also provides precision gearing and specialty weldments to a range of industrial customers for oil and gas, mining, steel and other industrial applications..