Enphase Energy Inc (NASDAQ:ENPH) dropped 7% during trading on Tuesday . The company traded as low as $4.80 and last traded at $4.92. Approximately 2,079,798 shares were traded during trading, a decline of 17% from the average daily volume of 2,516,918 shares. The stock had previously closed at $5.29.

ENPH has been the subject of a number of recent research reports. B. Riley set a $8.00 price target on shares of Enphase Energy and gave the stock a “buy” rating in a report on Wednesday, August 1st. ValuEngine cut shares of Enphase Energy from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. HC Wainwright set a $9.00 target price on shares of Enphase Energy and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Finally, BidaskClub raised shares of Enphase Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Enphase Energy presently has an average rating of “Buy” and a consensus target price of $7.21.

The company has a debt-to-equity ratio of 21.18, a current ratio of 1.55 and a quick ratio of 1.42. The firm has a market capitalization of $562.48 million, a PE ratio of -9.35 and a beta of 0.48.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, November 6th. The semiconductor company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $78.00 million during the quarter, compared to analyst estimates of $79.55 million. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) EPS. Equities research analysts predict that Enphase Energy Inc will post -0.14 earnings per share for the current year.

In other Enphase Energy news, CFO Eric Branderiz bought 19,880 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were bought at an average price of $5.03 per share, for a total transaction of $99,996.40. Following the transaction, the chief financial officer now directly owns 19,880 shares in the company, valued at $99,996.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Badrinarayanan Kothandaraman bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were acquired at an average price of $5.69 per share, for a total transaction of $85,350.00. Following the transaction, the chief executive officer now owns 129,440 shares in the company, valued at $736,513.60. The disclosure for this purchase can be found here. 13.52% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Marathon Capital Management bought a new position in Enphase Energy in the second quarter worth approximately $1,688,000. Schwab Charles Investment Management Inc. bought a new position in shares of Enphase Energy in the second quarter valued at approximately $1,224,000. BlueMountain Capital Management LLC bought a new position in shares of Enphase Energy in the second quarter valued at approximately $925,000. Engineers Gate Manager LP bought a new position in shares of Enphase Energy in the second quarter valued at approximately $227,000. Finally, BDO Wealth Advisors LLC bought a new position in shares of Enphase Energy in the second quarter valued at approximately $337,000. Institutional investors own 35.83% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Enphase Energy (ENPH) Trading Down 7%” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2018/11/21/enphase-energy-enph-trading-down-7.html.

About Enphase Energy (NASDAQ:ENPH)

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.

Featured Story: Dow Jones Industrial Average (DJIA)

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.