Pioneer Power Solutions (NASDAQ:PPSI – Get Free Report) released its earnings results on Friday. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03), FiscalAI reports. The firm had revenue of $5.02 million during the quarter, compared to analyst estimates of $4.78 million. Pioneer Power Solutions had a negative return on equity of 22.96% and a negative net margin of 30.13%.
Pioneer Power Solutions Trading Down 3.6%
NASDAQ PPSI traded down $0.11 on Friday, hitting $2.91. 117,858 shares of the company were exchanged, compared to its average volume of 156,498. The company’s 50 day moving average price is $3.55 and its 200-day moving average price is $3.73. The firm has a market capitalization of $32.29 million, a P/E ratio of -5.82 and a beta of 1.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 3.53. Pioneer Power Solutions has a twelve month low of $2.35 and a twelve month high of $6.29.
Institutional Investors Weigh In On Pioneer Power Solutions
Several hedge funds have recently made changes to their positions in PPSI. Renaissance Technologies LLC raised its stake in Pioneer Power Solutions by 40.2% during the 4th quarter. Renaissance Technologies LLC now owns 34,700 shares of the company’s stock valued at $164,000 after purchasing an additional 9,948 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Pioneer Power Solutions by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 71,693 shares of the company’s stock worth $339,000 after buying an additional 6,143 shares during the period. Geode Capital Management LLC boosted its position in shares of Pioneer Power Solutions by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 112,226 shares of the company’s stock worth $531,000 after buying an additional 3,099 shares during the period. XTX Topco Ltd purchased a new position in shares of Pioneer Power Solutions during the fourth quarter valued at $65,000. Finally, State Street Corp raised its position in Pioneer Power Solutions by 12.6% during the fourth quarter. State Street Corp now owns 34,028 shares of the company’s stock valued at $161,000 after buying an additional 3,800 shares during the period. Hedge funds and other institutional investors own 10.92% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Pioneer Power Solutions
Pioneer Power Solutions Company Profile
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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