Pioneer Power Solutions (NASDAQ:PPSI) Rating Increased to Sell at StockNews.com

Pioneer Power Solutions (NASDAQ:PPSI) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research report issued on Tuesday.

Pioneer Power Solutions Stock Performance

NASDAQ PPSI remained flat at $4.65 during trading hours on Tuesday. The company had a trading volume of 119,449 shares, compared to its average volume of 99,084. The company has a quick ratio of 1.19, a current ratio of 1.65 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $4.47 and a 200-day simple moving average of $4.37. The stock has a market cap of $46.17 million, a PE ratio of 25.83 and a beta of 0.68. Pioneer Power Solutions has a 1 year low of $3.35 and a 1 year high of $7.30.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.10) earnings per share (EPS) for the quarter. Pioneer Power Solutions had a negative return on equity of 17.85% and a negative net margin of 7.35%. The company had revenue of $8.59 million for the quarter. Analysts predict that Pioneer Power Solutions will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PPSI. GSA Capital Partners LLP lifted its stake in Pioneer Power Solutions by 138.1% in the 1st quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock valued at $460,000 after purchasing an additional 46,680 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Pioneer Power Solutions by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock valued at $222,000 after buying an additional 8,401 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Pioneer Power Solutions during the 4th quarter worth approximately $109,000. Finally, Virtu Financial LLC acquired a new position in shares of Pioneer Power Solutions during the 1st quarter worth approximately $91,000. Institutional investors own 10.92% of the company’s stock.

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 through Electrical Infrastructure Equipment and Critical Power Solutions segments.