Sunworks Inc (SUNW) Trading 8.1% Higher
Sunworks Inc (NASDAQ:SUNW) shares traded up 8.1% during mid-day trading on Friday . The stock traded as high as $2.40 and last traded at $2.40, with a volume of 126,979 shares. The stock had previously closed at $2.22.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Sunworks from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. TheStreet upgraded Sunworks from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd.
The firm’s 50 day moving average price is $2.30 and its 200 day moving average price is $2.65. The firm has a market capitalization of $47.03 million and a P/E ratio of 26.15.
Sunworks (NASDAQ:SUNW) last issued its earnings results on Wednesday, May 11th. The company reported ($0.02) EPS for the quarter. The firm earned $19.60 million during the quarter, compared to the consensus estimate of $5.70 million. Equities research analysts predict that Sunworks Inc will post $0.19 EPS for the current year.
Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.
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