Pioneer Power Solutions (NASDAQ:PPSI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Pioneer Power Solutions (NASDAQ:PPSI) to a sell rating in a research note published on Saturday morning.

Separately, HC Wainwright reissued a “buy” rating and issued a $12.00 target price on shares of Pioneer Power Solutions in a research note on Thursday, October 31st.

Pioneer Power Solutions Stock Up 2.1 %

NASDAQ:PPSI opened at $6.23 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.51 and a quick ratio of 0.93. The firm’s 50-day moving average price is $5.19 and its 200-day moving average price is $4.53. The company has a market capitalization of $68.01 million, a PE ratio of -12.98 and a beta of 0.65. 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, October 8th. The company reported ($0.21) earnings per share for the quarter. Pioneer Power Solutions had a negative return on equity of 30.16% and a negative net margin of 14.02%. The business had revenue of $6.34 million during the quarter. On average, equities analysts predict that Pioneer Power Solutions will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stratos Wealth Advisors LLC boosted its stake in shares of Pioneer Power Solutions by 20.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company’s stock worth $70,000 after buying an additional 2,500 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Pioneer Power Solutions by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after acquiring an additional 8,401 shares during the last quarter. Virtu Financial LLC bought a new stake in Pioneer Power Solutions during the first quarter valued at about $91,000. GSA Capital Partners LLP grew its stake in shares of Pioneer Power Solutions by 138.1% during the 1st quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock valued at $460,000 after acquiring an additional 46,680 shares during the period. Finally, Evernest Financial Advisors LLC purchased a new position in Pioneer Power Solutions during the third quarter valued at approximately $385,000. 10.92% of the stock is owned by institutional investors.

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.