Pioneer Power Solutions (NASDAQ:PPSI) Upgraded to Sell at StockNews.com

StockNews.com upgraded shares of Pioneer Power Solutions (NASDAQ:PPSI) to a sell rating in a research report released on Saturday morning.

Separately, HC Wainwright reiterated a “buy” rating and issued a $12.00 price target on shares of Pioneer Power Solutions in a research report on Thursday.

Pioneer Power Solutions Stock Down 1.1 %

NASDAQ PPSI opened at $6.09 on Friday. Pioneer Power Solutions has a 12 month low of $3.35 and a 12 month high of $7.30. The company has a market capitalization of $66.45 million, a P/E ratio of -12.68 and a beta of 0.65. The company’s 50 day simple moving average is $5.12 and its 200 day simple moving average is $4.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.51 and a quick ratio of 0.93.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its quarterly earnings results on Tuesday, October 8th. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $6.34 million during the quarter. Pioneer Power Solutions had a negative net margin of 14.02% and a negative return on equity of 30.16%. Equities research analysts expect that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Pioneer Power Solutions

Large investors have recently added to or reduced their stakes in the company. Evernest Financial Advisors LLC purchased a new position in shares of Pioneer Power Solutions during the third quarter valued at $385,000. GSA Capital Partners LLP grew its stake in Pioneer Power Solutions by 138.1% during the 1st quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock valued at $460,000 after acquiring an additional 46,680 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Pioneer Power Solutions in the 1st quarter valued at about $91,000. Dimensional Fund Advisors LP lifted its position in shares of Pioneer Power Solutions by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after purchasing an additional 8,401 shares in the last quarter. Finally, Stratos Wealth Advisors LLC boosted its holdings in shares of Pioneer Power Solutions by 20.0% during the third quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company’s stock worth $70,000 after purchasing an additional 2,500 shares during the period. 10.92% of the stock is owned by institutional investors and hedge funds.

Pioneer Power Solutions Company 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.