Shares of Sunworks Inc (NASDAQ:SUNW) saw unusually-strong trading volume on Thursday . Approximately 661,840 shares were traded during mid-day trading, an increase of 42% from the previous session’s volume of 467,104 shares.The stock last traded at $2.71 and had previously closed at $2.85.

A number of equities analysts have recently commented on SUNW shares. Chardan Capital started coverage on shares of Sunworks in a research report on Thursday, August 4th. They issued a “buy” rating and a $5.00 price objective for the company. Zacks Investment Research lowered shares of Sunworks from a “hold” rating to a “sell” rating in a research report on Tuesday, May 24th. Finally, TheStreet upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $4.58.

The company has a market cap of $54.94 million and a price-to-earnings ratio of 30.55. The firm’s 50 day moving average price is $2.65 and its 200 day moving average price is $2.61.

Sunworks (NASDAQ:SUNW) last issued its earnings results on Wednesday, August 10th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.02. The business earned $31.50 million during the quarter, compared to analyst estimates of $11 million. On average, analysts anticipate that Sunworks Inc will post $0.12 EPS for the current fiscal year.

In other Sunworks news, insider Abraham Richard Emard sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $3.11, for a total value of $155,500.00. Following the completion of the transaction, the insider now owns 746,442 shares of the company’s stock, valued at approximately $2,321,434.62. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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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