Sunworks Inc (NASDAQ:SUNW) shares saw unusually-high trading volume on Thursday . Approximately 661,840 shares changed hands during trading, an increase of 42% from the previous session’s volume of 467,104 shares.The stock last traded at $2.71 and had previously closed at $2.85.

SUNW has been the subject of a number of research reports. Chardan Capital initiated coverage on shares of Sunworks in a research report on Thursday, August 4th. They set a “buy” rating and a $5.00 target price for the company. TheStreet upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Finally, Zacks Investment Research lowered shares of Sunworks from a “hold” rating to a “sell” rating in a research report on Tuesday, May 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $4.58.

The stock has a market capitalization of $55.33 million and a price-to-earnings ratio of 30.77. The firm’s 50-day moving average price is $2.65 and its 200-day moving average price is $2.61.

Sunworks (NASDAQ:SUNW) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.02. The company earned $31.50 million during the quarter, compared to analyst estimates of $11 million. On average, equities research analysts forecast that Sunworks Inc will post $0.18 EPS for the current year.

In related news, insider Abraham Richard Emard sold 50,000 shares of Sunworks stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $3.11, for a total value of $155,500.00. Following the completion of the transaction, the insider now directly owns 746,442 shares of the company’s stock, valued at $2,321,434.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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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