Sunworks Inc (SUNW) Sees Unusually-High Trading Volume
Shares of Sunworks Inc (NASDAQ:SUNW) saw an uptick in trading volume on Friday . 562,763 shares changed hands during mid-day trading, an increase of 57% from the previous session’s volume of 359,019 shares.The stock last traded at $2.65 and had previously closed at $2.62.
A number of brokerages have issued reports on SUNW. Zacks Investment Research upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. TheStreet raised shares of Sunworks from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd.
The company has a 50-day moving average price of $2.39 and a 200 day moving average price of $2.58. The firm has a market capitalization of $52.96 million and a price-to-earnings ratio of 29.45.
Sunworks (NASDAQ:SUNW) last released its quarterly earnings data on Wednesday, May 11th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $19.60 million for the quarter, compared to analyst estimates of $5.70 million. Equities analysts anticipate 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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