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

StockNews.com cut shares of Babcock & Wilcox Enterprises (NYSE:BW) from a hold rating to a sell rating in a research report released on Monday morning.

Babcock & Wilcox Enterprises Price Performance

Shares of NYSE BW opened at $1.90 on Monday. The stock has a market capitalization of $178.74 million, a price-to-earnings ratio of -2.28 and a beta of 1.73. The firm’s 50 day simple moving average is $2.13 and its 200-day simple moving average is $1.63. Babcock & Wilcox Enterprises has a 12 month low of $0.75 and a 12 month high of $2.99.

Institutional Trading of Babcock & Wilcox Enterprises

Several large investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. purchased a new stake in shares of Babcock & Wilcox Enterprises in the third quarter valued at about $41,000. Delta Financial Group Inc. boosted its holdings in Babcock & Wilcox Enterprises by 90.9% in the third quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock valued at $43,000 after purchasing an additional 10,000 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Babcock & Wilcox Enterprises during the 1st quarter worth $26,000. Hilltop Holdings Inc. acquired a new position in shares of Babcock & Wilcox Enterprises in the 3rd quarter valued at $49,000. Finally, Point72 DIFC Ltd purchased a new stake in Babcock & Wilcox Enterprises in the second quarter valued at $42,000. 83.17% of the stock is currently owned by hedge funds and other institutional investors.

About Babcock & Wilcox Enterprises

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.