PowerBank Corporation (NASDAQ:PBK) Given Consensus Recommendation of “Hold” by Brokerages

Shares of PowerBank Corporation (NASDAQ:PBK) have earned an average recommendation of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company.

Several equities analysts recently weighed in on the stock. Citigroup restated a “buy” rating on shares of PowerBank in a report on Wednesday, May 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of PowerBank in a report on Wednesday, April 8th. HC Wainwright reissued a “buy” rating on shares of PowerBank in a research report on Wednesday, June 3rd. Zacks Research raised PowerBank to a “hold” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen cut PowerBank from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th.

PowerBank Stock Up 2.4%

PBK opened at $0.52 on Thursday. The firm has a 50 day moving average price of $0.79 and a 200 day moving average price of $0.91. The company has a market cap of $29.39 million, a PE ratio of -2.73 and a beta of 2.32. PowerBank has a 1 year low of $0.45 and a 1 year high of $2.55. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.79 and a current ratio of 1.41.

PowerBank (NASDAQ:PBK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). PowerBank had a negative net margin of 21.31% and a negative return on equity of 32.68%. The business had revenue of ($0.02) million for the quarter, compared to analyst estimates of $5.43 million. Sell-side analysts expect that PowerBank will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On PowerBank

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in PowerBank in the fourth quarter valued at approximately $191,000. Goldman Sachs Group Inc. raised its stake in shares of PowerBank by 416.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock valued at $178,000 after purchasing an additional 79,302 shares during the period. Virtu Financial LLC acquired a new position in shares of PowerBank during the fourth quarter worth $63,000. Citadel Advisors LLC acquired a new position in shares of PowerBank during the third quarter worth $52,000. Finally, HRT Financial LP purchased a new position in shares of PowerBank in the fourth quarter valued at $55,000.

About PowerBank

PowerBank Corporation, formerly known as SolarBank Corporation, operates as an independent renewable and clean energy project developer and asset operator in Canada and the United States. The company engages in the site origination, development, financing, engineering, procurement, construction, operation, maintenance, and asset management of solar photovoltaic power generation projects. It offers solar energy solutions in the areas of behind-the-meter solar power plants, electricity grid connected community solar gardens, and utility scale solar farms.