Sunworks (NASDAQ:SUNW) Stock Price Passes Below Fifty Day Moving Average of $1.10
Sunworks Inc (NASDAQ:SUNW)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.10 and traded as low as $0.80. Sunworks shares last traded at $0.82, with a volume of 2,772,150 shares.
Several research analysts have issued reports on the stock. ValuEngine cut shares of Sunworks from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research raised shares of Sunworks from a “sell” rating to a “hold” rating in a report on Thursday, January 9th.
The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $4.02 million, a PE ratio of -0.41 and a beta of 2.74. The firm’s fifty day simple moving average is $1.08 and its 200-day simple moving average is $1.57.
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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