Sunworks Inc (SUNW) Sees Large Volume Increase
Shares of Sunworks Inc (NASDAQ:SUNW) saw unusually-high trading volume on Friday . Approximately 465,590 shares traded hands during 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.
SUNW has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Sunworks from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. TheStreet upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a report on Friday, June 3rd.
The stock has a market cap of $50.79 million and a P/E ratio of 28.24. The company’s 50-day moving average is $2.35 and its 200 day moving average is $2.62.
Sunworks (NASDAQ:SUNW) last announced its earnings results on Wednesday, May 11th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $19.60 million for the quarter, compared to analyst estimates of $5.70 million. Analysts predict that Sunworks Inc will post $0.19 earnings per share 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.