Babcock & Wilcox Enterprises (BW) Shares Down 6.5%

Babcock & Wilcox Enterprises Inc (NYSE:BW) was down 6.5% during trading on Friday . The stock traded as low as $1.01 and last traded at $1.01. Approximately 1,787,633 shares traded hands during trading, a decline of 0% from the average daily volume of 1,791,744 shares. The stock had previously closed at $1.08.

The company has a quick ratio of 1.06, a current ratio of 1.18 and a debt-to-equity ratio of 3.53.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its earnings results on Thursday, August 9th. The technology company reported ($0.25) earnings per share (EPS) for the quarter. Babcock & Wilcox Enterprises had a negative net margin of 42.83% and a negative return on equity of 127.13%. The company had revenue of $291.30 million during the quarter.

Several hedge funds have recently bought and sold shares of BW. Sei Investments Co. grew its stake in shares of Babcock & Wilcox Enterprises by 203.3% in the second quarter. Sei Investments Co. now owns 48,212 shares of the technology company’s stock valued at $115,000 after buying an additional 32,318 shares in the last quarter. HRT Financial LLC acquired a new stake in shares of Babcock & Wilcox Enterprises in the second quarter valued at about $116,000. Verition Fund Management LLC acquired a new stake in shares of Babcock & Wilcox Enterprises in the second quarter valued at about $132,000. Jane Street Group LLC grew its stake in shares of Babcock & Wilcox Enterprises by 175.6% in the first quarter. Jane Street Group LLC now owns 37,763 shares of the technology company’s stock valued at $165,000 after buying an additional 24,062 shares in the last quarter. Finally, Ursa Fund Management LLC acquired a new stake in shares of Babcock & Wilcox Enterprises in the first quarter valued at about $190,000. Institutional investors and hedge funds own 70.94% of the company’s stock.

About Babcock & Wilcox Enterprises (NYSE:BW)

Babcock & Wilcox Enterprises, Inc provides fossil and renewable power generation and environmental equipment for the power and industrial markets worldwide. Its Power segment offers boiler cleaning and material handling equipment; and supercritical, subcritical, fluidized bed, chemical recovery, industrial power, package, and waste heat boilers, as well as heat recovery steam generators.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

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