Pineapple Energy (NASDAQ:PEGY) Trading Down 12.6% – What’s Next?

Pineapple Energy Inc. (NASDAQ:PEGYGet Free Report)’s share price dropped 12.6% during trading on Monday . The stock traded as low as $1.34 and last traded at $1.39. Approximately 98,587 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 314,424 shares. The stock had previously closed at $1.59.

Pineapple Energy Stock Performance

The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 0.71. The company’s 50 day simple moving average is $2.41 and its 200 day simple moving average is $14.08.

Pineapple Energy Company Profile

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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.

Further Reading

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