StockNews.com Upgrades Babcock & Wilcox Enterprises (NYSE:BW) to Hold

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

Babcock & Wilcox Enterprises Price Performance

Shares of NYSE BW opened at $0.87 on Thursday. The firm has a market cap of $82.15 million, a PE ratio of -1.05 and a beta of 1.84. Babcock & Wilcox Enterprises has a 1 year low of $0.82 and a 1 year high of $2.99. The company has a 50 day simple moving average of $1.24 and a 200 day simple moving average of $1.68.

Institutional Trading of Babcock & Wilcox Enterprises

Several hedge funds have recently bought and sold shares of BW. BNP Paribas Financial Markets acquired a new stake in Babcock & Wilcox Enterprises in the 4th quarter valued at $27,000. Boothbay Fund Management LLC acquired a new stake in Babcock & Wilcox Enterprises in the 4th quarter valued at $38,000. Two Sigma Advisers LP grew its position in Babcock & Wilcox Enterprises by 106.7% in the 4th quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company’s stock valued at $44,000 after purchasing an additional 13,800 shares during the period. Raymond James Financial Inc. acquired a new stake in Babcock & Wilcox Enterprises in the 4th quarter valued at $46,000. Finally, Hilltop Holdings Inc. bought a new position in Babcock & Wilcox Enterprises during the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Company Profile

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.