Sunworks (NASDAQ:SUNW) Trading Up 11.1%

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Sunworks Inc (NASDAQ:SUNW) was up 11.1% on Thursday . The stock traded as high as $0.62 and last traded at $0.60. Approximately 1,264,044 shares changed hands during trading, an increase of 87% from the average daily volume of 677,174 shares. The stock had previously closed at $0.54.

Several equities research analysts have recently weighed in on SUNW shares. ValuEngine raised Sunworks from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Zacks Investment Research lowered Sunworks from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 22nd.

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.72 and a current ratio of 0.91. The firm has a market capitalization of $15.73 million, a price-to-earnings ratio of -4.29 and a beta of 3.35. The company has a 50-day moving average price of $0.85.

Sunworks (NASDAQ:SUNW) last released its quarterly earnings results on Tuesday, May 14th. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.14). The firm had revenue of $9.27 million for the quarter, compared to analyst estimates of $13.00 million. Sunworks had a negative return on equity of 61.84% and a negative net margin of 12.80%. During the same period last year, the firm earned ($0.07) EPS. Equities research analysts forecast that Sunworks Inc will post -0.17 EPS for the current year.

Sunworks Company Profile (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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