Sunworks Inc (SUNW) Sees Unusually-High Trading Volume
Sunworks Inc (NASDAQ:SUNW) shares saw unusually-strong trading volume on Friday . Approximately 562,763 shares changed hands during trading, an increase of 57% from the previous session’s volume of 359,019 shares.The stock last traded at $2.65 and had previously closed at $2.62.
Several research analysts have commented on SUNW shares. TheStreet raised Sunworks from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd. Zacks Investment Research downgraded Sunworks from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th.
The stock has a market capitalization of $52.96 million and a P/E ratio of 29.45. The stock’s 50-day moving average is $2.39 and its 200-day moving average is $2.59.
Sunworks (NASDAQ:SUNW) last posted its quarterly earnings results on Wednesday, May 11th. The company reported ($0.02) earnings per share for the quarter. The firm earned $19.60 million during the quarter, compared to the consensus estimate of $5.70 million. On average, analysts expect that Sunworks Inc will post $0.19 EPS for the current fiscal 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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