Stock Mover of The Day: Could Babcock & Wilcox Enterprises Inc Go Up After Touching 1 Year Low?

Stock Mover of The Day: Could Babcock & Wilcox Enterprises Inc Go Up After Touching 1 Year Low?

The stock of Babcock & Wilcox Enterprises Inc (NYSE:BW) hit a new 52-week low and has $12.86 target or 7.00% below today’s $13.83 share price. The 6 months bearish chart indicates high risk for the $682.52 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $12.86 price target is reached, the company will be worth $47.78M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 269,868 shares traded hands. Babcock & Wilcox Enterprises Inc (NYSE:BW) has declined 27.73% since April 1, 2016 and is downtrending. It has underperformed by 28.95% the S&P500.

Babcock & Wilcox Enterprises Inc (NYSE:BW) Ratings Coverage

Out of 2 analysts covering Babcock & Wilcox Enterprises (NYSE:BW), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Babcock & Wilcox Enterprises has been the topic of 3 analyst reports since December 15, 2015 according to StockzIntelligence Inc. The rating was downgraded by Credit Suisse to “Underperform” on Thursday, October 13. The stock of Babcock & Wilcox Enterprises Inc (NYSE:BW) earned “Buy” rating by Sidoti on Tuesday, December 15.

According to Zacks Investment Research, “Babcock & Wilcox Enterprises, Inc. offers energy technology and services primarily for the nuclear, fossil and renewable power markets as well as a premier advanced technology and mission critical defense contractor. Babcock & Wilcox Enterprises, Inc. is headquartered in Charlotte, N.C.”

More recent Babcock & Wilcox Enterprises Inc (NYSE:BW) news were published by: Marketwatch.com which released: “Babcock & Wilcox Enterprises Inc.” on October 11, 2010. Also Quotes.Wsj.com published the news titled: “News Babcock & Wilcox Enterprises Inc.BW” on February 11, 2011. Businesswire.com‘s news article titled: “Babcock & Wilcox Successfully Completes Spin-Off, To Trade As Independent Company” with publication date: July 01, 2015 was also an interesting one.

BW Company Profile

Babcock & Wilcox Enterprises, Inc., incorporated on January 13, 2015, is a technology well-known provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Firm operates in three divisions: Global Power, Global Services and Industrial Environmental. Through its Global Power segment, the Company engineers, makes, procures, constructs and commissions boilers fueled by fossil fuels and renewables in addition to environmental systems and related auxiliary equipment primarily to steam generating clients globally. Through its Global Services segment, the Company provides aftermarket services and products to steam generating utilities across the world and various industrial customers. Through its Industrial Environmental segment, the Company provides a range of environmental technology and services to industrial end markets across the world.

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