Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen cut shares of Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) from a sell rating to a strong sell rating in a report issued on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Skycorp Solar Group Limited Ordinary Shares currently has an average rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Trading Up 2.5%

NASDAQ:PN opened at $2.46 on Friday. Skycorp Solar Group Limited Ordinary Shares has a 12-month low of $1.77 and a 12-month high of $40.00. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $3.05.

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($1.76) earnings per share (EPS) for the quarter. The firm had revenue of $12.75 million during the quarter.

About Skycorp Solar Group Limited Ordinary Shares

Skycorp Solar Group Limited is a renewable energy company focused on solar photovoltaic products and related solutions. The company is listed on the Nasdaq Capital Market under the symbol PN.

Through its operating subsidiaries, Skycorp Solar Group develops, manufactures and sells solar photovoltaic modules and related solar power products. Its offerings are intended for use in solar power generation systems and may serve residential, commercial and other distributed-energy applications.

The company’s operations are primarily associated with China, although publicly available information about its geographic reach, product portfolio and executive leadership is limited.