JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Babcock & Wilcox Enterprises, Inc. (BW) shares have tumbled to a 52-week low, touching down at $0.82. This latest price level reflects a significant downturn for the company, which has seen its stock value contract by -32.11% over the past year. Investors are closely monitoring the energy and environmental technologies provider as it navigates through a challenging market period, marked by this new low point in its stock performance. The 52-week low serves as a critical indicator for shareholders and potential investors, who are now weighing the company’s prospects against a backdrop of broader economic pressures. While the company maintains a current ratio of 1.78, InvestingPro analysis reveals significant debt concerns and rapid cash burn. Discover 13 additional key insights and a comprehensive Pro Research Report available exclusively on InvestingPro.
In other recent news, Babcock & Wilcox Enterprises, Inc. has announced a dividend for holders of its 7.75% Series A Cumulative Perpetual Preferred Stock. The dividend, amounting to $0.4843750 per share, will be payable on March 31, 2025, to shareholders of record as of March 21, 2025. This decision aligns with the company’s ongoing practice of providing returns to its preferred stockholders. Additionally, Babcock & Wilcox has made significant amendments to its credit agreement and corporate bylaws. The credit agreement was modified to include a one-time waiver for a default related to pension fund contributions, in coordination with Axos Bank and the Pension Benefit Guaranty Corporation. The company’s board has also revised its bylaws to incorporate SEC’s universal proxy rules and other governance enhancements. These changes reflect Babcock & Wilcox’s commitment to regulatory compliance and corporate governance improvements.
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