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PowerSecure International (NASDAQ:POWR) was downgraded by stock analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.

Shares of PowerSecure International (NASDAQ:POWR) traded down 62.37% during mid-day trading on Thursday, hitting $7.00. 10,486,038 shares of the company’s stock traded hands. PowerSecure International has a 1-year low of $6.57 and a 1-year high of $27.44. The stock’s 50-day moving average is $21.84 and its 200-day moving average is $19.8. The company has a market cap of $153.6 million and a P/E ratio of 84.55.

PowerSecure International (NASDAQ:POWR) last announced its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.19. The company had revenue of $52.80 million for the quarter, compared to the consensus estimate of $59.33 million. During the same quarter last year, the company posted $0.04 earnings per share. PowerSecure International’s revenue was up 17.3% compared to the same quarter last year. On average, analysts predict that PowerSecure International will post $0.70 earnings per share for the current fiscal year.

A number of other firms have also recently commented on POWR. Analysts at Maxim Group upgraded shares of PowerSecure International from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. They now have a $30.00 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of PowerSecure International from $26.00 to $29.00 in a research note on Tuesday, March 11th. Finally, analysts at Robert W. Baird reiterated a “positive” rating on shares of PowerSecure International in a research note on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, PowerSecure International has a consensus rating of “Hold” and a consensus price target of $20.25.

PowerSecure International, Inc is a provider of products and services to electric utilities and to their commercial, institutional and industrial customers.

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