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.

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

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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