Babcock & Wilcox Enterprises (NYSE:BW) Downgraded to Sell Rating by StockNews.com

Babcock & Wilcox Enterprises (NYSE:BW) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Separately, Lake Street Capital dropped their price objective on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday.

Babcock & Wilcox Enterprises Stock Performance

NYSE BW opened at $0.48 on Tuesday. Babcock & Wilcox Enterprises has a 1 year low of $0.45 and a 1 year high of $2.99. The stock has a market capitalization of $45.70 million, a P/E ratio of -0.58 and a beta of 1.84. The business’s fifty day moving average is $1.11 and its two-hundred day moving average is $1.66.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its quarterly earnings data on Monday, March 31st. The technology company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42). The company had revenue of $200.80 million for the quarter, compared to analysts’ expectations of $213.07 million.

Institutional Trading of Babcock & Wilcox Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of BW. BNP Paribas Financial Markets acquired a new position in shares of Babcock & Wilcox Enterprises in the fourth quarter valued at approximately $27,000. Boothbay Fund Management LLC bought a new stake in Babcock & Wilcox Enterprises during the fourth quarter worth $38,000. Two Sigma Advisers LP boosted its stake in Babcock & Wilcox Enterprises by 106.7% in the fourth quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company’s stock valued at $44,000 after buying an additional 13,800 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Babcock & Wilcox Enterprises during the 4th quarter valued at approximately $46,000. Finally, Hilltop Holdings Inc. acquired a new position in shares of Babcock & Wilcox Enterprises during the third quarter worth $49,000. Institutional investors and hedge funds own 83.17% of the company’s stock.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.