Sunworks Inc (SUNW) Shares Down 2.7%
Shares of Sunworks Inc (NASDAQ:SUNW) were down 2.7% on Monday . The stock traded as low as $2.45 and last traded at $2.50, with a volume of 173,829 shares. The stock had previously closed at $2.57.
Several analysts recently weighed in on SUNW shares. TheStreet raised Sunworks from a “sell” rating to a “hold” rating in a report on Friday, June 3rd. Zacks Investment Research cut Sunworks from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th.
The stock has a market capitalization of $48.81 million and a price-to-earnings ratio of 27.14. The firm has a 50 day moving average of $2.36 and a 200-day moving average of $2.61.
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 company earned $19.60 million during the quarter, compared to analyst estimates of $5.70 million. Equities analysts predict that Sunworks Inc will post $0.19 earnings per share for the current 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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