Sunworks, Inc. (NASDAQ:SUNW) was down 6.3% during trading on Tuesday . The company traded as low as $0.98 and last traded at $1.36. Approximately 367,800 shares changed hands during trading, an increase of 184% from the average daily volume of 129,474 shares. The stock had previously closed at $1.28.
A number of equities research analysts have recently commented on SUNW shares. Cowen and Company set a $3.00 price target on shares of Sunworks and gave the stock a “buy” rating in a report on Friday, August 11th. Chardan Capital upgraded shares of Sunworks from a “neutral” rating to a “buy” rating and set a $2.50 price target for the company in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, ValuEngine upgraded shares of Sunworks from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $2.67.
The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.23 and a current ratio of 1.40.
A hedge fund recently raised its stake in Sunworks stock. Boothbay Fund Management LLC boosted its stake in Sunworks, Inc. (NASDAQ:SUNW) by 58.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,137 shares of the semiconductor company’s stock after purchasing an additional 49,983 shares during the quarter. Boothbay Fund Management LLC owned about 0.60% of Sunworks worth $212,000 as of its most recent filing with the SEC. 6.16% of the stock is owned by institutional investors.
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Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.
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