Sunworks (NASDAQ:SUNW) Rating Lowered to Hold at ValuEngine

Sunworks (NASDAQ:SUNW) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday, ValuEngine reports.

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 (NASDAQ:SUNW) last announced its quarterly earnings results on Friday, August 2nd. The semiconductor company reported $0.00 earnings per share (EPS) for the quarter. The firm had revenue of $18.66 million for the quarter, compared to the consensus estimate of $19.00 million. Sunworks had a negative net margin of 10.45% and a negative return on equity of 57.74%. As a group, research analysts predict that Sunworks will post -0.17 EPS for the current fiscal year.

About Sunworks

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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