Sunworks (NASDAQ:SUNW) Trading Down 1.2%

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Sunworks Inc (NASDAQ:SUNW) was down 1.2% during trading on Thursday . The company traded as low as $0.80 and last traded at $0.81, approximately 15,190 shares were traded during trading. A decline of 98% from the average daily volume of 832,845 shares. The stock had previously closed at $0.82.

A number of research analysts have recently commented on SUNW shares. ValuEngine downgraded Sunworks from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research upgraded Sunworks from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th.

The stock has a market capitalization of $4.02 million, a P/E ratio of -0.41 and a beta of 2.74. The business has a 50-day moving average price of $1.08 and a 200 day moving average price of $1.57. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51.

A number of institutional investors and hedge funds have recently modified their holdings of SUNW. Oxford Asset Management LLP bought a new stake in Sunworks in the fourth quarter worth $25,000. Virtu Financial LLC bought a new stake in Sunworks in the fourth quarter worth $47,000. BlackRock Inc. lifted its position in Sunworks by 124.4% in the second quarter. BlackRock Inc. now owns 111,529 shares of the semiconductor company’s stock worth $61,000 after buying an additional 61,826 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Sunworks by 7.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 257,705 shares of the semiconductor company’s stock worth $326,000 after buying an additional 18,814 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Sunworks by 392.2% in the second quarter. Vanguard Group Inc. now owns 1,143,273 shares of the semiconductor company’s stock worth $623,000 after buying an additional 910,982 shares during the last quarter. Institutional investors own 9.45% of the company’s stock.

About Sunworks (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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