StockNews.com provided its customers and investors with access to a research study on Thursday that was centered on Babcock & Wilcox Enterprises and focused on the company.
The report was made available to the general public (NYSE: BW).
The recommendation from the investment firm to “sell” shares of the technology company was carried out.
BW was priced at $5.38 when trading began on Thursday.
The moving average of the stock price over the past 50 days is $6.33; over the past 200 days, the moving average of the stock price has been $6.15.
The company has a P/E ratio of -35.87 and a beta value of 1.95.
The market capitalization of the company is currently sitting at $476.83 million.
The price of a share of Babcock & Wilcox Enterprises has ranged from $3.89 to $9.08 over the past year, with a low of $3.89 occurring during that period.
The debt-to-equity ratio stands at 11.36 to 1, the quick ratio at 1.25 to 1, and the current ratio at 1.56 to 1.
Separately, on Friday, November 25th, Babcock & Wilcox Enterprises was rated “d+” by TheStreet.
This represents a downgrade from the previous rating of “c-” given to the company.
Recently, hedge funds have adjusted how they hold onto the shares.
Tower Research Capital LLC (TRC) achieved a 192.0% increase in the percentage of Babcock & Wilcox Enterprises it owns during the third quarter. Following the acquisition of an additional 3,709 shares during the most recent fiscal quarter, Tower Research Capital LLC (TRC) now holds 5,641 shares of the stock held by the technology company.
There is a value of $36,000 associated with these shares.
Ensign Peak Advisors, INC invested in Babcock & Wilcox Enterprises in the amount of $43,000 during the third quarter of this year. CoreCap Advisors LLC placed a $45,000 investment in Babcock & Wilcox Enterprises during the second quarter of 2018 (the company’s fiscal year).
During the second quarter of 2018, Lazard Asset Management LLC placed a $47,000 investment in Babcock & Wilcox Enterprises.
This investment was made in the company’s common stock.
To summarize, during the last three months of the year, Price T. Rowe Associates INC, MD, added a new position at Babcock & Wilcox Enterprises that paid sixty thousand dollars.
To the tune of 83.93% of the company’s shares, hedge funds, and other institutional investors are the owners.
The manufacturing division of Babcock & Wilcox Enterprises, INC is dedicated to creating machinery for protecting the environment, in addition to fossil fuels and alternative forms of energy.
It does so with the assistance of the B&W Renewable, B&W Environmental, and B&W Thermal sectors to achieve its objectives.
The B&W Renewables sector recycles waste that would otherwise be disposed of in landfills to generate electricity, replace fossil fuels, recover metals, and cut emissions.
In addition, this process reduces the amount of waste that is produced.
This is done as part of an initiative to promote the growth of a circular economy.