Sunworks (NASDAQ:SUNW) Share Price Crosses Below 200 Day Moving Average of $2.44

Sunworks, Inc. (NASDAQ:SUNW – Get Rating) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.44 and traded as low as $1.88. Sunworks shares last traded at $1.94, with a volume of 388,075 shares changing hands.

Wall Street Analyst Weigh In

Separately, EF Hutton Acquisition Co. I assumed coverage on Sunworks in a research report on Monday, December 12th. They set a “buy” rating and a $5.00 target price for the company.

Sunworks Stock Up 3.2 %

The company has a current ratio of 1.63, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $68.27 million, a P/E ratio of -1.70 and a beta of 1.95. The business has a 50-day moving average price of $1.98 and a 200 day moving average price of $2.44.

Institutional Trading of Sunworks

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Republic Investment Management Inc. purchased a new stake in Sunworks during the 1st quarter valued at $29,000. Summit Financial LLC purchased a new stake in Sunworks during the 3rd quarter valued at $36,000. Worth Venture Partners LLC purchased a new stake in Sunworks during the 3rd quarter valued at $42,000. XTX Topco Ltd purchased a new stake in Sunworks during the 1st quarter valued at $40,000. Finally, Prudential Financial Inc. purchased a new stake in Sunworks during the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 16.18% of the company’s stock.

Sunworks Company Profile

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Sunworks, Inc engages in the provision of photovoltaic and battery based power and storage systems for the residential and commercial markets. It operates through the Solcius and Sunworks business segments. The Solcius segment focuses on residential projects. The Sunworks segment deals with commercial projects including commercial, agricultural, industrial, and public works projects.