Sunworks, Inc. (NASDAQ:SUNW – Get Rating) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.45 and traded as low as $2.30. Sunworks shares last traded at $2.33, with a volume of 438,333 shares.

Sunworks Stock Down 4.1 %

The company has a fifty day moving average of $2.44 and a 200 day moving average of $2.45. The company has a quick ratio of 1.06, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. The company has a market cap of $81.99 million, a P/E ratio of -2.04 and a beta of 1.66.

Hedge Funds Weigh In On Sunworks

Several large investors have recently made changes to their positions in SUNW. Vanguard Group Inc. lifted its position in shares of Sunworks by 22.5% in the third quarter. Vanguard Group Inc. now owns 1,807,229 shares of the semiconductor company's stock worth $5,042,000 after buying an additional 332,524 shares in the last quarter. Renaissance Technologies LLC raised its position in Sunworks by 33.5% during the second quarter. Renaissance Technologies LLC now owns 754,400 shares of the semiconductor company's stock valued at $1,192,000 after purchasing an additional 189,199 shares during the period. BlackRock Inc. raised its position in Sunworks by 7.5% during the third quarter. BlackRock Inc. now owns 557,988 shares of the semiconductor company's stock valued at $1,556,000 after purchasing an additional 39,151 shares during the period. Alpha Paradigm Partners LLC purchased a new stake in Sunworks during the third quarter valued at approximately $460,000. Finally, Goldman Sachs Group Inc. raised its position in Sunworks by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 141,496 shares of the semiconductor company's stock valued at $356,000 after purchasing an additional 12,488 shares during the period. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

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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