Pioneer Power Solutions (NASDAQ:PPSI) Upgraded at ValuEngine

ValuEngine upgraded shares of Pioneer Power Solutions (NASDAQ:PPSI) from a strong sell rating to a sell rating in a research note released on Tuesday morning, ValuEngine reports.

Shares of NASDAQ:PPSI opened at $4.07 on Tuesday. The firm has a market capitalization of $35.62 million, a PE ratio of 5.55 and a beta of 1.16. The firm’s 50-day moving average is $5.48 and its two-hundred day moving average is $5.26. Pioneer Power Solutions has a 1 year low of $4.00 and a 1 year high of $6.76.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.48) earnings per share (EPS) for the quarter. The business had revenue of $5.36 million for the quarter. Pioneer Power Solutions had a positive return on equity of 49.21% and a negative net margin of 3.24%.

The company also recently announced a dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 16th were paid a dividend of $1.37 per share. The ex-dividend date of this dividend was Tuesday, October 8th.

Several hedge funds have recently added to or reduced their stakes in PPSI. Vanguard Group Inc. increased its stake in shares of Pioneer Power Solutions by 25.8% during the second quarter. Vanguard Group Inc. now owns 47,468 shares of the company’s stock worth $225,000 after buying an additional 9,740 shares during the period. Kennedy Capital Management Inc. increased its stake in shares of Pioneer Power Solutions by 1.7% during the first quarter. Kennedy Capital Management Inc. now owns 701,896 shares of the company’s stock worth $3,411,000 after buying an additional 11,534 shares during the period. Finally, North Star Investment Management Corp. increased its stake in shares of Pioneer Power Solutions by 16.5% during the second quarter. North Star Investment Management Corp. now owns 790,223 shares of the company’s stock worth $3,754,000 after buying an additional 111,709 shares during the period. Hedge funds and other institutional investors own 26.08% of the company’s stock.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc, together with its subsidiaries, manufactures, sells, and services specialty electrical transmission, distribution, and on-site power generation equipment in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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