Sunworks, Inc. (NASDAQ:SUNW – Get Rating) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.14 and traded as high as $1.30. Sunworks shares last traded at $1.27, with a volume of 1,583,989 shares changing hands.
Analyst Ratings Changes
Several equities analysts have weighed in on SUNW shares. Northland Securities reduced their price objective on Sunworks from $6.00 to $4.00 in a report on Monday, March 13th. EF Hutton Acquisition Co. I reaffirmed a “buy” rating and issued a $5.00 price target on shares of Sunworks in a report on Monday, March 13th.
Sunworks Stock Up 15.5 %
The company has a debt-to-equity ratio of 0.02, a current ratio of 1.46 and a quick ratio of 0.95. The stock has a 50-day moving average of $1.14 and a two-hundred day moving average of $1.74.
Institutional Investors Weigh In On Sunworks
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. bought a new position in shares of Sunworks during the first quarter valued at $29,000. Summit Financial LLC bought a new position in shares of Sunworks during the third quarter valued at $36,000. Worth Venture Partners LLC bought a new position in shares of Sunworks during the third quarter valued at $42,000. XTX Topco Ltd bought a new position in shares of Sunworks during the first quarter valued at $40,000. Finally, Prudential Financial Inc. bought a new position in shares of Sunworks during the second quarter valued at $28,000. 16.18% of the stock is owned by hedge funds and other institutional investors.
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.
- Get a free copy of the StockNews.com research report on Sunworks (SUNW)
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