Pioneer Power Solutions, Inc. (NASDAQ:PPSI – Get Free Report) traded down 2.2% on Monday . The stock traded as low as $3.55 and last traded at $3.57. 70,541 shares were traded during trading, a decline of 19% from the average session volume of 86,639 shares. The stock had previously closed at $3.65.
Wall Street Analysts Forecast Growth
PPSI has been the subject of several research analyst reports. Wall Street Zen lowered Pioneer Power Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings downgraded Pioneer Power Solutions from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Pioneer Power Solutions has an average rating of “Hold” and a consensus target price of $7.00.
Check Out Our Latest Stock Analysis on PPSI
Pioneer Power Solutions Trading Down 2.2%
Pioneer Power Solutions (NASDAQ:PPSI – Get Free Report) last posted its quarterly earnings results on Monday, May 18th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). Pioneer Power Solutions had a negative net margin of 30.13% and a negative return on equity of 22.96%. The business had revenue of $4.27 million for the quarter, compared to the consensus estimate of $4.70 million. Equities research analysts expect that Pioneer Power Solutions, Inc. will post -0.48 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Group One Trading LLC grew its holdings in Pioneer Power Solutions by 577.9% during the 1st quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock valued at $29,000 after buying an additional 7,611 shares in the last quarter. XTX Topco Ltd purchased a new stake in Pioneer Power Solutions during the second quarter valued at $55,000. Smith Moore & CO. bought a new position in shares of Pioneer Power Solutions in the 4th quarter valued at about $61,000. Legacy Advisors LLC bought a new stake in Pioneer Power Solutions during the third quarter worth approximately $69,000. Finally, NewEdge Advisors LLC purchased a new stake in Pioneer Power Solutions during the third quarter valued at approximately $94,000. Hedge funds and other institutional investors own 10.92% of the company’s stock.
About Pioneer Power Solutions
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.
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