ValuEngine Downgrades Sunworks (SUNW) to Hold

ValuEngine cut shares of Sunworks (NASDAQ:SUNW) from a buy rating to a hold rating in a report issued on Monday, ValuEngine reports.

Shares of NASDAQ:SUNW traded down $0.08 during mid-day trading on Monday, hitting $0.83. The stock had a trading volume of 374,114 shares, compared to its average volume of 2,340,560. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 0.91. The company has a market cap of $23.51 million, a PE ratio of -5.94 and a beta of 3.27. Sunworks has a 12-month low of $0.25 and a 12-month high of $1.97.

Sunworks (NASDAQ:SUNW) last issued its quarterly earnings results on Tuesday, May 14th. The semiconductor company reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.14). The firm had revenue of $9.27 million during the quarter, compared to analysts’ expectations of $13.00 million. Sunworks had a negative net margin of 12.80% and a negative return on equity of 61.84%. During the same quarter last year, the company posted ($0.07) EPS.

Sunworks Company Profile

Sunworks, Inc, through its subsidiaries, provides photo voltaic based power systems for the agricultural, commercial, industrial, and residential markets in California, Nevada, Oregon, and Washington, the United States. The company also designs, arranges, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial projects.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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