ValuEngine Downgrades Sunworks (SUNW) to Hold

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ValuEngine cut shares of Sunworks (NASDAQ:SUNW) from a buy rating to a hold rating in a research note issued to investors on Monday, ValuEngine reports.

NASDAQ SUNW traded down $0.08 on Monday, hitting $0.83. The stock had a trading volume of 374,114 shares, compared to its average volume of 2,340,560. Sunworks has a one year low of $0.25 and a one year high of $1.97. The company has a current ratio of 0.91, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. The stock has a market cap of $23.51 million, a price-to-earnings ratio of -5.94 and a beta of 3.27.

Sunworks (NASDAQ:SUNW) last posted its earnings results on Tuesday, May 14th. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.14). The firm had revenue of $9.27 million during the quarter, compared to the consensus estimate of $13.00 million. Sunworks had a negative return on equity of 61.84% and a negative net margin of 12.80%. During the same quarter last year, the company posted ($0.07) EPS.

About Sunworks

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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