Wall Street Zen Downgrades Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) to Strong Sell

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research note issued on Sunday.

Separately, Weiss Ratings upgraded shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Stock Performance

PN opened at $3.15 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average price is $5.40. Skycorp Solar Group Limited Ordinary Shares has a one year low of $2.18 and a one year high of $51.80.

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($1.76) earnings per share for the quarter. The business had revenue of $12.75 million during the quarter.

Skycorp Solar Group Limited Ordinary Shares Company Profile

Skycorp Solar Group Ltd is a solar PV product provider principally engaged in the manufacture and sale of solar cables and solar connectors. It also has partnerships with multiple IC chip manufacturers and offers customers new and used GPU and HPC servers. Its business is carried out through its operating subsidiaries. The company operates in two operating segments: the business to manufacture and sell solar PV products and solar power system solutions service, the business to sell High Performance Computing products, and others.