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

Babcock & Wilcox Enterprises (NYSE:BW) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Babcock & Wilcox Enterprises Trading Up 6.5 %

Shares of BW traded up $0.12 during midday trading on Monday, reaching $1.89. 1,113,792 shares of the company were exchanged, compared to its average volume of 1,437,475. The stock has a 50-day moving average price of $2.08 and a 200-day moving average price of $1.61. The company has a market cap of $177.79 million, a price-to-earnings ratio of -2.27 and a beta of 1.73. Babcock & Wilcox Enterprises has a 1-year low of $0.75 and a 1-year high of $2.99.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Babcock & Wilcox Enterprises in the first quarter worth about $26,000. Thompson Davis & CO. Inc. acquired a new position in shares of Babcock & Wilcox Enterprises in the third quarter worth about $41,000. Point72 DIFC Ltd acquired a new stake in Babcock & Wilcox Enterprises during the second quarter valued at approximately $42,000. Delta Financial Group Inc. raised its stake in Babcock & Wilcox Enterprises by 90.9% during the third quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock valued at $43,000 after buying an additional 10,000 shares in the last quarter. Finally, Hilltop Holdings Inc. acquired a new stake in Babcock & Wilcox Enterprises during the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Company Profile

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.