Sunworks (NASDAQ:SUNW) Stock Passes Below Two Hundred Day Moving Average of $0.54

Sunworks, Inc. (NASDAQ:SUNWGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.54 and traded as low as $0.05. Sunworks shares last traded at $0.06, with a volume of 37,032,098 shares.

Sunworks Trading Down 35.6 %

The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $0.24 and a two-hundred day moving average price of $0.54.

Sunworks (NASDAQ:SUNWGet Free Report) last released its quarterly earnings data on Monday, November 13th. The semiconductor company reported ($0.84) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.60). The business had revenue of $28.70 million for the quarter, compared to the consensus estimate of $42.90 million. Sunworks had a negative net margin of 40.36% and a negative return on equity of 127.97%. As a group, equities analysts expect that Sunworks, Inc. will post -1.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunworks

Institutional investors have recently bought and sold shares of the company. First Republic Investment Management Inc. lifted its stake in Sunworks by 351.2% in the 2nd quarter. First Republic Investment Management Inc. now owns 52,017 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 40,489 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Sunworks in the 3rd quarter valued at approximately $214,000. Price T Rowe Associates Inc. MD lifted its stake in Sunworks by 9.1% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 50,400 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 4,200 shares in the last quarter. Creative Planning raised its stake in shares of Sunworks by 16.0% during the 4th quarter. Creative Planning now owns 58,100 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 7,995 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Sunworks by 50,197.9% in the 3rd quarter. UBS Group AG now owns 23,640 shares of the semiconductor company’s stock valued at $66,000 after buying an additional 23,593 shares during the last quarter. Institutional investors own 8.88% of the company’s stock.

Sunworks Company Profile

(Get Free Report)

Sunworks, Inc, through its subsidiaries, engages in the provision of photovoltaic and battery based power and storage systems for the commercial, agricultural, industrial, public works, and residential markets in the United States. It is also involved in the design, arrange financing, integrate, install, and manage systems ranging for residential homeowners, and commercial and public works projects.

Further Reading

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