Pioneer Power Solutions (NASDAQ:PPSI) Trading 4.2% Higher – Should You Buy?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) traded up 4.2% during trading on Monday . The company traded as high as $4.53 and last traded at $4.46. 236,640 shares traded hands during mid-day trading, an increase of 51% from the average session volume of 157,103 shares. The stock had previously closed at $4.28.

Wall Street Analyst Weigh In

PPSI has been the subject of several analyst reports. Wall Street Zen upgraded shares of Pioneer Power Solutions to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Pioneer Power Solutions in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Pioneer Power Solutions Stock Performance

The company has a fifty day moving average price of $3.86 and a two-hundred day moving average price of $3.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.42 and a quick ratio of 4.35. The company has a market capitalization of $49.48 million, a P/E ratio of -6.56 and a beta of 1.09.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.07. Pioneer Power Solutions had a net margin of 105.23% and a negative return on equity of 11.16%. The business had revenue of $8.37 million during the quarter, compared to analyst estimates of $6.89 million. Pioneer Power Solutions has set its FY 2025 guidance at EPS. Equities analysts forecast that Pioneer Power Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pioneer Power Solutions

Hedge funds have recently made changes to their positions in the stock. Legacy Advisors LLC acquired a new position in shares of Pioneer Power Solutions in the first quarter worth approximately $51,000. XTX Topco Ltd bought a new position in Pioneer Power Solutions during the 2nd quarter worth approximately $55,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Pioneer Power Solutions in the 4th quarter worth approximately $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.