Sunworks Inc (SUNW) CEO Charles F. Cargile Buys 25,000 Shares of Stock

Sunworks Inc (NASDAQ:SUNW) CEO Charles F. Cargile purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was bought at an average cost of $0.42 per share, with a total value of $10,500.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NASDAQ SUNW remained flat at $$0.40 during trading on Friday. The company’s stock had a trading volume of 21,200 shares, compared to its average volume of 124,449. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 1.19. The firm has a market capitalization of $11.13 million, a P/E ratio of -1.27 and a beta of 1.41. Sunworks Inc has a 12-month low of $0.33 and a 12-month high of $1.32.

Sunworks (NASDAQ:SUNW) last issued its earnings results on Wednesday, November 7th. The semiconductor company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $18.28 million during the quarter, compared to the consensus estimate of $22.20 million. Sunworks had a negative return on equity of 51.82% and a negative net margin of 10.32%. As a group, equities research analysts forecast that Sunworks Inc will post -0.17 EPS for the current year.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded Sunworks from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. Chardan Capital downgraded Sunworks from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 14th.

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Sunworks Company Profile

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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