Pineapple Energy (NASDAQ:PEGY) Shares Down 2% – Should You Sell?

by · The Markets Daily

Pineapple Energy Inc. (NASDAQ:PEGY – Get Free Report) shares dropped 2% on Thursday . The company traded as low as $2.44 and last traded at $2.51. Approximately 44,734 shares traded hands during trading, a decline of 86% from the average daily volume of 314,424 shares. The stock had previously closed at $2.56.

Pineapple Energy Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.36 and a current ratio of 0.47. The company has a 50-day moving average of $3.32 and a 200-day moving average of $30.45.

Institutional Trading of Pineapple Energy

An institutional investor recently bought a new position in Pineapple Energy stock. Ground Swell Capital LLC purchased a new position in shares of Pineapple Energy Inc. (NASDAQ:PEGY – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 34,894 shares of the company’s stock, valued at approximately $47,000. Ground Swell Capital LLC owned approximately 0.48% of Pineapple Energy at the end of the most recent reporting period. 4.21% of the stock is owned by hedge funds and other institutional investors.

Pineapple Energy Company Profile

(Get Free Report)

Pineapple Energy Inc engages in the sale, design, and installation of photovoltaic solar energy systems and battery storage systems in the United States. Its brand portfolio includes SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power. The company develops and manufactures energy management software and hardware, such as energy management control devices on solar systems that are paired with batteries.

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