Babcock & Wilcox Enterprises (NYSE:BW) Share Price Crosses Above Two Hundred Day Moving Average of $2.80

Babcock & Wilcox Enterprises Inc (NYSE:BW) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.80 and traded as high as $3.20. Babcock & Wilcox Enterprises shares last traded at $3.15, with a volume of 1,996 shares trading hands.

The business’s 50 day moving average is $4.19 and its two-hundred day moving average is $2.80.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported ($1.39) earnings per share for the quarter. The company had revenue of $198.60 million for the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in Babcock & Wilcox Enterprises by 183.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 90,204 shares of the technology company’s stock worth $30,000 after purchasing an additional 58,409 shares during the last quarter. Jane Street Group LLC acquired a new stake in Babcock & Wilcox Enterprises during the 2nd quarter worth approximately $57,000. Gratia Capital LLC acquired a new stake in Babcock & Wilcox Enterprises during the 2nd quarter worth approximately $69,000. Quinn Opportunity Partners LLC lifted its holdings in Babcock & Wilcox Enterprises by 123.4% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 391,000 shares of the technology company’s stock worth $134,000 after purchasing an additional 216,000 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Babcock & Wilcox Enterprises during the 2nd quarter worth approximately $97,000. Institutional investors and hedge funds own 43.03% 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 Babcock & Wilcox segment engages in the engineering, procurement, specialty manufacturing, construction, and commissioning of new and retrofit utility boilers and industrial boilers fired with coal and natural gas; and boiler cleaning equipment and material handling equipment.

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