Sunworks Inc (NASDAQ:SUNW)’s share price was down 12.3% during mid-day trading on Tuesday . The stock traded as low as $0.69 and last traded at $0.71. Approximately 1,153,390 shares changed hands during trading, an increase of 73% from the average daily volume of 665,330 shares. The stock had previously closed at $0.81.
Several equities analysts recently issued reports on SUNW shares. ValuEngine upgraded shares of Sunworks from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of Sunworks from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 15th.
The company has a current ratio of 0.91, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. The stock has a market cap of $20.28 million, a PE ratio of -5.00 and a beta of 3.27.
About Sunworks (NASDAQ:SUNW)
Sunworks, Inc, through its subsidiaries, provides photo voltaic based power systems for the agricultural, commercial, industrial, and residential markets in California, Nevada, Oregon, and Washington, the United States. The company also designs, arranges, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial projects.
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