Sunworks Inc (SUNW) Trading Down 6.1%
Sunworks Inc (NASDAQ:SUNW)’s share price dropped 6.1% during mid-day trading on Wednesday . The stock traded as low as $2.74 and last traded at $2.77, with a volume of 443,231 shares traded. The stock had previously closed at $2.95.
SUNW has been the topic of several recent research reports. Zacks Investment Research cut shares of Sunworks from a “hold” rating to a “sell” rating in a research note on Tuesday, May 31st. TheStreet raised shares of Sunworks from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd.
The stock has a market capitalization of $54.72 million and a P/E ratio of 30.429. The company has a 50-day moving average of $2.44 and a 200 day moving average of $2.57.
Sunworks (NASDAQ:SUNW) last issued its earnings results 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 the consensus estimate of $5.70 million. On average, equities analysts predict that Sunworks Inc will post $0.19 EPS 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.