Shares last traded at $2.76 impressively lower than the 50 day moving average of $3.18 and significantly below the 200 day moving average of $4.55. The 50 day moving average went down $-0.43 or -13.471% and the 200 day average went down by -39.414%. Trading was heavy with 128K shares changing hands on Tuesday. Overall, volume was up 25.22% over the stocks normal daily volume.
Traders are a little more bearish on shares of Broadwind Energy, Inc. of late looking at the increase in short interest. The stock saw a rise in short interest from September 29, 2017 to October 13, 2017 of 1.48%. Short shares increased from 360,555 to 365,874 over that timeframe. Days to cover decreased -4.0 to 4.0 and the percentage of shorted shares was 0.02% on October 13.
There has been some buying insider activity on Broadwind Energy, Inc. (NASDAQ:BWEN) recently. Director David P. Reiland bought 3,000 shares at a price of $3.09 on Thu the 17th. That brings the Director’s holdings to $168,612 per an SEC filing yesterday.
These firms have modified their investment in BWEN. As of quarter end Tower Research Capital LLC (trc) had bought a total of 2,389 shares growing its position 711.0%. The value of the investment in BWEN increased from $1,000 to $14,000 a change of 1,300.0% quarter over quarter. As of the end of the quarter Spark Investment Management LLC had disposed of 14,300 shares trimming its holdings by 54.4%. The value of the investment in (BWEN) went from $219,000 to $60,000 decreasing 72.6% for the reporting period.
As of quarter end Edge Wealth Management LLC had disposed of 20,000 shares trimming its stake by 99.4%. The value of the company’s investment in Broadwind Energy, Inc. went from $96,000 to $1,000 a change of $95,000 since the last quarter. Simplex Trading, LLC reduced its holdings by selling 2,612 shares a decrease of 88.1% from 06/30/2017 to 09/30/2017. Simplex Trading, LLC currently owns 353 shares worth $1,000. The total value of its holdings decreased 92.9%.
The most current P/E ratio is 6.261 and market capitalization is 41.42M. As of the last earnings report the EPS was $0.44 and is estimated to be $0.13 for the current year with 15,036,000 shares now outstanding. Next quarter’s EPS is forecasted to be $-0.03 and the next full year EPS is anticipated to be $0.25.
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..