Babcock & Wilcox Enterprises Inc (NYSE:BW) rose 5.9% during trading on Friday . The company traded as high as $3.75 and last traded at $3.59, approximately 242,173 shares changed hands during mid-day trading. An increase of 100% from the average daily volume of 120,984 shares. The stock had previously closed at $3.39.
The stock’s 50-day moving average price is $3.53 and its 200 day moving average price is $3.10.
Babcock & Wilcox Enterprises (NYSE:BW) last posted its quarterly earnings results 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.
A number of hedge funds have recently added to or reduced their stakes in BW. JPMorgan Chase & Co. boosted its holdings in shares of 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 shares of Babcock & Wilcox Enterprises in the second quarter valued at approximately $57,000. Gratia Capital LLC acquired a new stake in shares of Babcock & Wilcox Enterprises in the second quarter valued at approximately $69,000. Paloma Partners Management Co purchased a new position in Babcock & Wilcox Enterprises during the second quarter worth approximately $97,000. Finally, Quinn Opportunity Partners LLC lifted its position in Babcock & Wilcox Enterprises by 123.4% during the second quarter. Quinn Opportunity Partners LLC now owns 391,000 shares of the technology company’s stock worth $134,000 after buying an additional 216,000 shares in the last quarter. Institutional investors own 42.71% 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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