Sunworks Inc (NASDAQ:SUNW)’s share price traded up 4.8% during mid-day trading on Wednesday . The company traded as high as $1.29 and last traded at $1.30, 6,967 shares traded hands during mid-day trading. A decline of 98% from the average session volume of 435,398 shares. The stock had previously closed at $1.24.
Several analysts recently commented on SUNW shares. Zacks Investment Research downgraded shares of Sunworks from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Chardan Capital reaffirmed a “neutral” rating on shares of Sunworks in a report on Thursday, August 22nd. Finally, ValuEngine downgraded shares of Sunworks from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th.
The company has a market cap of $6.23 million, a P/E ratio of -1.18 and a beta of 2.72. The company’s 50-day moving average is $1.94 and its two-hundred day moving average is $1.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.07 and a quick ratio of 0.95.
Sunworks (NASDAQ:SUNW) last released its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.26) earnings per share (EPS) for the quarter. Sunworks had a negative net margin of 11.81% and a negative return on equity of 74.63%. The business had revenue of $17.55 million during the quarter, compared to the consensus estimate of $19.50 million. Equities research analysts anticipate that Sunworks Inc will post -0.47 EPS for the current year.
Several hedge funds have recently bought and sold shares of SUNW. Vanguard Group Inc. raised its stake in shares of Sunworks by 392.2% in the second quarter. Vanguard Group Inc. now owns 1,143,273 shares of the semiconductor company’s stock worth $623,000 after purchasing an additional 910,982 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Sunworks by 113.3% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 1,066,669 shares of the semiconductor company’s stock valued at $2,526,000 after purchasing an additional 566,575 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Sunworks by 124.4% during the second quarter. BlackRock Inc. now owns 111,529 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 61,826 shares in the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.
About Sunworks (NASDAQ:SUNW)
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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