Northern Trust Corp Has $173,000 Position in Pioneer Power Solutions, Inc. (NASDAQ:PPSI)

Northern Trust Corp grew its stake in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) by 64.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,898 shares of the company’s stock after acquiring an additional 16,392 shares during the period. Northern Trust Corp owned 0.38% of Pioneer Power Solutions worth $173,000 as of its most recent SEC filing.

Separately, Two Sigma Securities LLC acquired a new position in Pioneer Power Solutions during the 4th quarter worth $78,000. Institutional investors and hedge funds own 10.92% of the company’s stock.

Analysts Set New Price Targets

PPSI has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Pioneer Power Solutions from a “sell” rating to a “hold” rating in a research report on Monday, May 19th. HC Wainwright reiterated a “buy” rating and set a $12.00 target price on shares of Pioneer Power Solutions in a research report on Wednesday, April 16th.

Pioneer Power Solutions Trading Up 1.5%

PPSI opened at $2.72 on Wednesday. The firm’s fifty day moving average is $2.68 and its two-hundred day moving average is $3.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.69 and a current ratio of 1.41. Pioneer Power Solutions, Inc. has a twelve month low of $2.25 and a twelve month high of $7.00. The firm has a market cap of $30.25 million, a PE ratio of -4.00 and a beta of 0.95.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.11). The company had revenue of $6.74 million for the quarter, compared to the consensus estimate of $6.70 million. Pioneer Power Solutions had a negative return on equity of 45.67% and a negative net margin of 20.91%. Equities research analysts anticipate that Pioneer Power Solutions, Inc. will post 0.32 EPS for the current year.

Pioneer Power Solutions Profile

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.