Sunworks Inc (SUNW) Sees Large Volume Increase
Shares of Sunworks Inc (NASDAQ:SUNW) saw an uptick in trading volume on Friday . 465,590 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 364,311 shares.The stock last traded at $2.55 and had previously closed at $2.59.
A number of brokerages have weighed in on SUNW. Zacks Investment Research downgraded Sunworks from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. TheStreet upgraded Sunworks from a “sell” rating to a “hold” rating in a report on Friday, June 3rd.
The company’s 50 day moving average is $2.36 and its 200-day moving average is $2.61. The stock has a market capitalization of $50.79 million and a PE ratio of 28.24.
Sunworks (NASDAQ:SUNW) last posted its quarterly earnings data on Wednesday, May 11th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm earned $19.60 million during the quarter, compared to analysts’ expectations of $5.70 million. Analysts expect 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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