Pioneer Power Solutions (NASDAQ:PPSI) Trading Down 0.9% – What’s Next?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) fell 0.9% during trading on Monday . The company traded as low as $4.60 and last traded at $4.64. 184,074 shares changed hands during trading, an increase of 9% from the average session volume of 168,961 shares. The stock had previously closed at $4.68.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PPSI shares. Lake Street Capital reiterated a “buy” rating and issued a $7.00 price objective on shares of Pioneer Power Solutions in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pioneer Power Solutions in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Pioneer Power Solutions Price Performance

The company has a market capitalization of $51.50 million, a price-to-earnings ratio of -10.09 and a beta of 1.26. The company has a current ratio of 4.62, a quick ratio of 3.55 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $4.28 and a 200 day moving average price of $4.06.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.16). The business had revenue of $6.89 million for the quarter, compared to analysts’ expectations of $6.59 million. Pioneer Power Solutions had a negative return on equity of 12.91% and a net margin of 99.80%. As a group, equities research analysts forecast that Pioneer Power Solutions, Inc. will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Pioneer Power Solutions

Several large investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in Pioneer Power Solutions in the second quarter valued at approximately $55,000. James Investment Research Inc. acquired a new position in shares of Pioneer Power Solutions in the 3rd quarter valued at $94,000. Stratos Wealth Advisors LLC boosted its position in shares of Pioneer Power Solutions by 66.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 25,000 shares of the company’s stock worth $108,000 after purchasing an additional 10,000 shares during the last quarter. Group One Trading LLC grew its stake in shares of Pioneer Power Solutions by 1,860.3% during the third quarter. Group One Trading LLC now owns 11,762 shares of the company’s stock worth $51,000 after purchasing an additional 11,162 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Pioneer Power Solutions by 19.6% during the third quarter. Dimensional Fund Advisors LP now owns 65,550 shares of the company’s stock worth $283,000 after purchasing an additional 10,741 shares during the period. 10.92% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.