Pioneer Power Solutions, Inc. (NASDAQ:PPSI – Get Free Report) shares rose 2.5% on Tuesday. The stock traded as high as $2.53 and last traded at $2.46. Approximately 66,337 shares traded hands during trading, an increase of 11% from the average daily volume of 59,802 shares. The stock had previously closed at $2.40.
Wall Street Analysts Forecast Growth
PPSI has been the topic of several analyst reports. Weiss Ratings downgraded shares of Pioneer Power Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. HC Wainwright reissued a “buy” rating on shares of Pioneer Power Solutions in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.00.
View Our Latest Report on Pioneer Power Solutions
Pioneer Power Solutions Trading Down 7.5%
The stock has a fifty day simple moving average of $2.94 and a 200 day simple moving average of $3.51. The company has a current ratio of 4.11, a quick ratio of 2.92 and a debt-to-equity ratio of 0.01.
Pioneer Power Solutions (NASDAQ:PPSI – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Pioneer Power Solutions had a negative return on equity of 27.64% and a negative net margin of 38.11%. The business had revenue of $5.02 million during the quarter, compared to the consensus estimate of $4.78 million. As a group, analysts predict that Pioneer Power Solutions, Inc. will post -0.62 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Pioneer Power Solutions
A number of institutional investors have recently added to or reduced their stakes in PPSI. Renaissance Technologies LLC lifted its holdings in shares of Pioneer Power Solutions by 85.0% in the first quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock worth $209,000 after buying an additional 29,500 shares in the last quarter. Group One Trading LLC boosted its position in shares of Pioneer Power Solutions by 577.9% during the first quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock worth $29,000 after acquiring an additional 7,611 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Pioneer Power Solutions by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock worth $251,000 after acquiring an additional 5,530 shares during the last quarter. 10.92% of the stock is owned by hedge funds and other institutional investors.
Pioneer Power Solutions Company Profile
Pioneer Power Solutions, Inc (NASDAQ:PPSI) provides electrical power solutions for customers seeking reliable, resilient and flexible energy infrastructure. The company focuses on distributed energy resources, including systems designed to support backup power, peak-load management and microgrid applications.
Through its operating businesses, Pioneer Power offers engineering, equipment procurement, system integration, installation and service capabilities. Its solutions may incorporate power-generation equipment, electrical distribution systems, controls and energy-storage technologies.
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