16,174 Shares in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,174 shares of the company’s stock, valued at approximately $109,000. Quadrature Capital Ltd owned 0.16% of Pioneer Power Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PPSI. Spectrum Investment Advisors Inc. bought a new stake in Pioneer Power Solutions during the 4th quarter worth about $774,000. Thompson Davis & CO. Inc. acquired a new position in Pioneer Power Solutions in the fourth quarter valued at approximately $221,000. FNY Investment Advisers LLC acquired a new stake in Pioneer Power Solutions during the 4th quarter worth $70,000. Finally, Acadian Asset Management LLC raised its position in shares of Pioneer Power Solutions by 201.1% during the 3rd quarter. Acadian Asset Management LLC now owns 22,732 shares of the company’s stock valued at $141,000 after acquiring an additional 15,183 shares during the last quarter. Institutional investors own 10.92% of the company’s stock.

Pioneer Power Solutions Price Performance

Shares of PPSI opened at $3.97 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. Pioneer Power Solutions, Inc. has a twelve month low of $3.35 and a twelve month high of $9.84. The stock has a market capitalization of $39.42 million, a P/E ratio of 22.06 and a beta of 0.64. The company has a 50 day moving average of $3.90 and a 200-day moving average of $4.77.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Lake Street Capital decreased their target price on Pioneer Power Solutions from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. HC Wainwright reissued a “buy” rating and set a $12.00 price objective on shares of Pioneer Power Solutions in a research report on Tuesday, April 2nd.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions.