Separately, Zacks Investment Research downgraded shares of Sunworks from a “hold” rating to a “sell” rating in a report on Wednesday.
SUNW stock remained flat at $$0.45 during trading on Thursday. 400,913 shares of the company traded hands, compared to its average volume of 887,202. Sunworks has a one year low of $0.25 and a one year high of $1.97. The business’s 50-day simple moving average is $0.55. The company has a market capitalization of $14.29 million, a PE ratio of -3.22 and a beta of 2.83. The company has a quick ratio of 0.72, a current ratio of 0.98 and a debt-to-equity ratio of 0.63.
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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