FTC Solar (NASDAQ:FTCI - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Tuesday,Zacks.com reports.
Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of FTC Solar in a research report on Wednesday, October 8th. UBS Group reiterated a "neutral" rating and set a $5.50 price objective (up previously from $3.80) on shares of FTC Solar in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $4.25.
Check Out Our Latest Stock Report on FTC Solar
FTC Solar Stock Performance
Shares of FTC Solar stock opened at $7.82 on Tuesday. FTC Solar has a one year low of $2.13 and a one year high of $9.50. The company has a market cap of $116.36 million, a price-to-earnings ratio of -1.99 and a beta of 1.43. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.04 and a current ratio of 1.16. The business's 50 day moving average price is $7.09 and its 200 day moving average price is $5.15.
Institutional Trading of FTC Solar
A hedge fund recently bought a new stake in FTC Solar stock. Jane Street Group LLC purchased a new position in shares of FTC Solar, Inc. (NASDAQ:FTCI - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,465 shares of the company's stock, valued at approximately $79,000. Jane Street Group LLC owned 0.12% of FTC Solar at the end of the most recent reporting period. 45.36% of the stock is owned by institutional investors.
About FTC Solar
(
Get Free Report)
FTC Solar, Inc engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name.
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