Sunworks Inc (NASDAQ:SUNW) shares rose 13.8% during trading on Thursday . The stock traded as high as $0.82 and last traded at $0.74. Approximately 1,157,276 shares changed hands during mid-day trading, an increase of 71% from the average daily volume of 674,976 shares. The stock had previously closed at $0.65.
Several research analysts have issued reports on the company. ValuEngine raised Sunworks from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research downgraded Sunworks from a “hold” rating to a “strong sell” rating in a report on Wednesday.
The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $17.33 million, a PE ratio of -5.29 and a beta of 3.27.
Sunworks (NASDAQ:SUNW) last posted its quarterly earnings data on Tuesday, May 14th. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.14). Sunworks had a negative return on equity of 61.84% and a negative net margin of 12.80%. The firm had revenue of $9.27 million for the quarter, compared to analyst estimates of $13.00 million. During the same period in the prior year, the company posted ($0.07) EPS. As a group, equities research analysts predict that Sunworks Inc will post -0.17 earnings per share for the current year.
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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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