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

Shares of PowerBank Corporation (NASDAQ:PBKGet Free Report) have received a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $4.00.

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

Read Our Latest Analysis on PowerBank

Institutional Trading of PowerBank

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

PowerBank Trading Down 1.4%

NASDAQ PBK opened at $0.72 on Friday. PowerBank has a one year low of $0.45 and a one year high of $2.55. The company’s 50 day moving average price is $0.80 and its 200 day moving average price is $1.06. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.79 and a current ratio of 1.41. The firm has a market capitalization of $34.30 million, a price-to-earnings ratio of -3.79 and a beta of 2.23.

PowerBank (NASDAQ:PBKGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.43 million. On average, sell-side analysts predict that PowerBank will post -0.23 EPS for the current year.

PowerBank Company Profile

(Get Free Report)

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.

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Analyst Recommendations for PowerBank (NASDAQ:PBK)

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