Sunworks Inc (NASDAQ:SUNW) traded down 6.9% during trading on Thursday . The company traded as low as $1.17 and last traded at $1.22, 1,306,423 shares changed hands during trading. An increase of 736% from the average session volume of 156,206 shares. The stock had previously closed at $1.31.

A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Sunworks from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. ValuEngine downgraded shares of Sunworks from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Chardan Capital reiterated a “neutral” rating on shares of Sunworks in a research note on Thursday, August 22nd.

The stock’s 50-day moving average price is $2.34 and its 200-day moving average price is $1.43. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $7.39 million, a P/E ratio of -1.24 and a beta of 2.90.

Sunworks (NASDAQ:SUNW) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.26) earnings per share (EPS) for the quarter. Sunworks had a negative return on equity of 74.63% and a negative net margin of 11.81%. The business had revenue of $17.55 million during the quarter, compared to the consensus estimate of $19.50 million. Sell-side analysts expect that Sunworks Inc will post -0.47 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of SUNW. BlackRock Inc. lifted its position in shares of Sunworks by 124.4% in the 2nd quarter. BlackRock Inc. now owns 111,529 shares of the semiconductor company’s stock worth $61,000 after buying an additional 61,826 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Sunworks by 392.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,143,273 shares of the semiconductor company’s stock worth $623,000 after buying an additional 910,982 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Sunworks by 113.3% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 1,066,669 shares of the semiconductor company’s stock worth $2,526,000 after buying an additional 566,575 shares during the last quarter. Institutional investors own 62.14% of the company’s stock.

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.

Further Reading: Liquidity

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