Sunworks Inc (SUNW) Trading Up 2.4%
Sunworks Inc (NASDAQ:SUNW)’s share price was up 2.4% during mid-day trading on Monday . The company traded as high as $2.99 and last traded at $2.96, with a volume of 62,547 shares. The stock had previously closed at $2.89.
A number of equities analysts have recently issued reports on SUNW shares. Zacks Investment Research lowered shares of Sunworks from a “hold” rating to a “sell” rating in a research report on Tuesday, May 31st. TheStreet upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Finally, Chardan Capital initiated coverage on shares of Sunworks in a research report on Thursday, August 4th. They set a “buy” rating and a $5.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $4.58.
The stock has a market capitalization of $60.39 million and a PE ratio of 25.404. The company’s 50 day moving average is $2.86 and its 200 day moving average is $2.64.
Sunworks (NASDAQ:SUNW) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $31.50 million for the quarter, compared to the consensus estimate of $11 million. On average, analysts forecast that Sunworks Inc will post $0.06 EPS for the current fiscal year.
In other news, insider Abraham Richard Emard sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $3.33, for a total value of $38,628.00. Following the sale, the insider now directly owns 775,842 shares in the company, valued at approximately $2,583,553.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.