Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) from a hold rating to a strong sell rating in a report released on Sunday morning.

Separately, Weiss Ratings raised shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Skycorp Solar Group Limited Ordinary Shares presently has a consensus rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Price Performance

NASDAQ PN opened at $3.21 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.26 and a debt-to-equity ratio of 0.04. Skycorp Solar Group Limited Ordinary Shares has a 1-year low of $2.18 and a 1-year high of $59.20. The company has a 50-day moving average price of $5.41.

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($1.76) EPS for the quarter. The company had revenue of $12.75 million for the quarter.

About Skycorp Solar Group Limited Ordinary Shares

Skycorp Solar Group Ltd is a solar PV product provider principally engaged in the manufacture and sale of solar cables and solar connectors. It also has partnerships with multiple IC chip manufacturers and offers customers new and used GPU and HPC servers. Its business is carried out through its operating subsidiaries. The company operates in two operating segments: the business to manufacture and sell solar PV products and solar power system solutions service, the business to sell High Performance Computing products, and others.