Sunworks Inc (NASDAQ:SUNW)’s share price dropped 2.7% during mid-day trading on Monday . The company traded as low as $2.45 and last traded at $2.50, with a volume of 173,829 shares traded. The stock had previously closed at $2.57.

SUNW has been the subject of a number of research analyst reports. Zacks Investment Research lowered Sunworks from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. TheStreet upgraded Sunworks from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd.

The stock has a market capitalization of $50.39 million and a P/E ratio of 28.02. The stock has a 50-day moving average price of $2.38 and a 200 day moving average price of $2.59.

Sunworks (NASDAQ:SUNW) last posted its quarterly earnings results on Wednesday, May 11th. The company reported ($0.02) EPS for the quarter. The business had revenue of $19.60 million for the quarter, compared to analyst estimates of $5.70 million. Equities research analysts forecast 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.

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