Sunworks Inc (SUNW) Trading 2.3% Higher
Sunworks Inc (NASDAQ:SUNW)’s share price traded up 2.3% during mid-day trading on Thursday . The company traded as high as $2.69 and last traded at $2.63, with a volume of 238,263 shares. The stock had previously closed at $2.57.
SUNW has been the topic of a number of analyst reports. Zacks Investment Research lowered Sunworks from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. TheStreet raised Sunworks from a “sell” rating to a “hold” rating in a report on Friday, June 3rd.
The stock has a 50-day moving average of $2.38 and a 200 day moving average of $2.59. The company has a market capitalization of $51.78 million and a PE ratio of 28.79.
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. 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.
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