Sunworks (SUNW) Shares Gap Up to $0.82
Sunworks Inc (NASDAQ:SUNW) gapped up before the market opened on Tuesday . The stock had previously closed at $0.80, but opened at $0.82. Sunworks shares last traded at $0.91, with a volume of 2308421 shares trading hands.
A number of brokerages have recently issued reports on SUNW. ValuEngine downgraded shares of Sunworks from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research cut shares of Sunworks from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st.
The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.03 and a current ratio of 1.21. The company has a market cap of $23.88 million, a price-to-earnings ratio of -6.52, a price-to-earnings-growth ratio of 1.36 and a beta of 2.32.
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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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