Babcock & Wilcox Enterprises (NYSE:BW) Stock Price Crosses Above 200 Day Moving Average of $2.80

Shares of Babcock & Wilcox Enterprises Inc (NYSE:BW) passed 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 traded.

The stock’s 50 day simple moving average is $4.19 and its 200 day simple moving average is $2.80.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eidelman Virant Capital purchased a new position in shares of Babcock & Wilcox Enterprises in the third quarter worth about $1,926,000. Jane Street Group LLC acquired a new stake in Babcock & Wilcox Enterprises in the second quarter valued at approximately $57,000. Paloma Partners Management Co acquired a new stake in Babcock & Wilcox Enterprises in the second quarter valued at approximately $97,000. Gratia Capital LLC acquired a new stake in Babcock & Wilcox Enterprises in the second quarter valued at approximately $69,000. Finally, Vanguard Group Inc. grew its position in Babcock & Wilcox Enterprises by 77.6% in the second quarter. Vanguard Group Inc. now owns 9,819,072 shares of the technology company’s stock valued at $3,367,000 after acquiring an additional 4,289,644 shares in the last quarter. Hedge funds and other institutional investors own 43.03% of the company’s stock.

Babcock & Wilcox Enterprises Company Profile (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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