Pineapple Energy (NASDAQ:PEGY) Stock Price Down 7.2%

Pineapple Energy Inc. (NASDAQ:PEGY)’s stock price traded down 7.2% during mid-day trading on Wednesday . The company traded as low as $0.70 and last traded at $0.73. 311,888 shares changed hands during trading, a decline of 89% from the average session volume of 2,868,117 shares. The stock had previously closed at $0.79.

Pineapple Energy Stock Performance

The company has a fifty day simple moving average of $1.27 and a 200 day simple moving average of $1.32. The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 0.50.

Institutional Investors Weigh In On Pineapple Energy

Several institutional investors and hedge funds have recently made changes to their positions in PEGY. Ground Swell Capital LLC purchased a new stake in Pineapple Energy during the 2nd quarter valued at $47,000. Anson Funds Management LP purchased a new stake in shares of Pineapple Energy during the first quarter valued at $150,000. Finally, Coldstream Capital Management Inc. increased its holdings in Pineapple Energy by 186.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 280,812 shares of the company’s stock worth $166,000 after buying an additional 182,812 shares in the last quarter. Institutional investors own 4.21% of the company’s stock.

About Pineapple Energy

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.