Pioneer Power Solutions (NASDAQ:PPSI) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Pioneer Power Solutions (NASDAQ:PPSI) from a sell rating to a hold rating in a research note released on Monday.

Separately, HC Wainwright reiterated a “buy” rating and issued a $12.00 target price on shares of Pioneer Power Solutions in a research report on Wednesday, April 16th.

Pioneer Power Solutions Stock Performance

Shares of PPSI stock opened at $2.78 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.69 and a debt-to-equity ratio of 0.01. Pioneer Power Solutions has a 12-month low of $2.25 and a 12-month high of $7.00. The business’s 50 day moving average is $2.82 and its two-hundred day moving average is $3.95. The company has a market capitalization of $30.91 million, a P/E ratio of -4.09 and a beta of 0.95.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its earnings results on Thursday, May 15th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.11). Pioneer Power Solutions had a negative net margin of 20.91% and a negative return on equity of 45.67%. The business had revenue of $6.74 million for the quarter, compared to analysts’ expectations of $6.70 million. Analysts expect that Pioneer Power Solutions will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Pioneer Power Solutions

Large investors have recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in shares of Pioneer Power Solutions in the fourth quarter worth approximately $107,000. Two Sigma Securities LLC acquired a new stake in Pioneer Power Solutions during the 4th quarter worth $78,000. Northern Trust Corp boosted its stake in Pioneer Power Solutions by 64.3% during the 4th quarter. Northern Trust Corp now owns 41,898 shares of the company’s stock worth $173,000 after purchasing an additional 16,392 shares during the last quarter. Manatuck Hill Partners LLC purchased a new stake in shares of Pioneer Power Solutions during the fourth quarter worth $310,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Pioneer Power Solutions in the fourth quarter valued at about $64,000. 10.92% of the stock is currently owned by hedge funds and other institutional investors.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.