Sunworks, Inc. (NASDAQ:SUNW – Get Rating)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.42 and traded as low as $2.31. Sunworks shares last traded at $2.46, with a volume of 648,531 shares.
Sunworks Trading Up 7.0 %
The business has a 50 day moving average of $2.58 and a 200 day moving average of $2.42. The firm has a market capitalization of $86.56 million, a price-to-earnings ratio of -2.16 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.06.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Sunworks by 9.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 50,400 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 4,200 shares in the last quarter. State Street Corp grew its stake in shares of Sunworks by 9.8% in the first quarter. State Street Corp now owns 88,353 shares of the semiconductor company’s stock valued at $223,000 after acquiring an additional 7,863 shares in the last quarter. First Republic Investment Management Inc. bought a new position in shares of Sunworks during the first quarter worth approximately $29,000. Goldman Sachs Group Inc. increased its stake in Sunworks by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 141,496 shares of the semiconductor company’s stock worth $356,000 after acquiring an additional 12,488 shares during the period. Finally, Summit Financial LLC acquired a new stake in shares of Sunworks during the 3rd quarter worth $36,000. Institutional investors own 13.22% of the company’s stock.
Sunworks Company Profile
Sunworks, Inc, through its subsidiaries, provides photovoltaic and battery based power and storage systems for the agricultural, commercial, industrial, public works, and residential markets in the United States. It also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential projects to multi megawatt systems for larger commercial and public works projects.
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