Pioneer Power Solutions (NASDAQ:PPSI) Trading 4.5% Higher – Should You Buy?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI)’s stock price traded up 4.5% during trading on Monday . The stock traded as high as $3.11 and last traded at $3.01. 31,851 shares were traded during mid-day trading, a decline of 56% from the average session volume of 72,244 shares. The stock had previously closed at $2.88.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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 issued a $12.00 price target on shares of Pioneer Power Solutions in a research note on Wednesday, April 16th.

Pioneer Power Solutions Trading Up 4.5%

The company’s 50 day moving average is $2.87 and its 200-day moving average is $3.05. The company has a market capitalization of $33.47 million, a P/E ratio of -4.43 and a beta of 1.05.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings results 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 business had revenue of $6.74 million during the quarter, compared to the consensus estimate of $6.70 million. Pioneer Power Solutions had a negative return on equity of 15.02% and a net margin of 121.51%. Analysts predict that Pioneer Power Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Occudo Quantitative Strategies LP bought a new position in shares of Pioneer Power Solutions in the 4th quarter worth about $64,000. Legacy Advisors LLC bought a new stake in Pioneer Power Solutions during the 1st quarter valued at about $51,000. Northern Trust Corp increased 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 valued at $173,000 after purchasing an additional 16,392 shares in the last quarter. Two Sigma Securities LLC bought a new stake in Pioneer Power Solutions during the 4th quarter valued at about $78,000. Finally, Squarepoint Ops LLC bought a new stake in Pioneer Power Solutions during the 4th quarter valued at about $102,000. 10.92% of the stock is currently owned by 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.