Pineapple Energy (NASDAQ:PEGY) Stock Price Down 2% – Time to Sell?

Pineapple Energy Inc. (NASDAQ:PEGY) shares traded down 2% on Thursday . The stock traded as low as $2.44 and last traded at $2.51. 44,734 shares were traded during mid-day trading, a decline of 86% from the average session volume of 314,424 shares. The stock had previously closed at $2.56.

Pineapple Energy Stock 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’s 50 day moving average price is $3.49 and its two-hundred day moving average price is $31.25.

Institutional Trading of Pineapple Energy

An institutional investor recently bought a new position in Pineapple Energy stock. Ground Swell Capital LLC bought a new position in Pineapple Energy Inc. (NASDAQ:PEGY) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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 quarter. Institutional investors and hedge funds own 4.21% of the company’s stock.

Pineapple Energy Company Profile

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.