Sunworks Inc (SUNW) Trading 8.5% Higher
Shares of Sunworks Inc (NASDAQ:SUNW) traded up 8.5% during trading on Thursday . The company traded as high as $2.92 and last traded at $2.56, with a volume of 2,799,885 shares. The stock had previously closed at $2.36.
A number of analysts have recently commented on the company. Zacks Investment Research cut Sunworks from a “hold” rating to a “sell” rating in a research report on Tuesday, May 24th. TheStreet upgraded Sunworks from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd.
The company has a market cap of $50.79 million and a PE ratio of 28.24. The stock’s 50-day moving average is $2.36 and its 200 day moving average is $2.61.
Sunworks (NASDAQ:SUNW) last released its quarterly earnings data on Wednesday, May 11th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $19.60 million for the quarter, compared to analysts’ expectations of $5.70 million. On average, equities analysts expect 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.
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.