Broadwind (NASDAQ:BWEN – Get Free Report) issued its earnings results on Tuesday. The industrial products company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01, Yahoo Finance reports. The business had revenue of $36.45 million for the quarter, compared to the consensus estimate of $37.13 million. Broadwind had a net margin of 4.36% and a return on equity of 15.41%. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Broadwind updated its Q3 2024 guidance to EPS.
Broadwind Stock Up 9.8 %
Shares of NASDAQ:BWEN traded up $0.21 during midday trading on Thursday, hitting $2.35. 128,633 shares of the company’s stock traded hands, compared to its average volume of 154,861. Broadwind has a twelve month low of $2.01 and a twelve month high of $4.81. The company has a market cap of $51.07 million, a PE ratio of 5.92 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.53 and a current ratio of 1.47. The firm’s fifty day moving average price is $3.32 and its two-hundred day moving average price is $2.85.
Insider Buying and Selling at Broadwind
In other news, insider Daniel E. Schueller sold 5,800 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $4.53, for a total value of $26,274.00. Following the completion of the sale, the insider now owns 146,694 shares in the company, valued at $664,523.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.70% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on BWEN
Broadwind Company Profile
Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.
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