Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday.

Separately, Zacks Investment Research raised Pioneer Power Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 19th.

Pioneer Power Solutions (NASDAQ PPSI) traded down 0.83% on Monday, hitting $5.95. 837 shares of the stock were exchanged. The company has a 50-day moving average price of $6.45 and a 200-day moving average price of $7.08. Pioneer Power Solutions has a 52-week low of $4.85 and a 52-week high of $9.40. The firm’s market cap is $51.84 million.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its earnings results on Thursday, May 11th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The business had revenue of $27.26 million during the quarter, compared to analyst estimates of $29 million. Pioneer Power Solutions had a positive return on equity of 17.48% and a negative net margin of 0.87%. On average, equities research analysts anticipate that Pioneer Power Solutions will post $0.60 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the company. Heartland Advisors Inc. raised its stake in shares of Pioneer Power Solutions by 16.8% in the first quarter. Heartland Advisors Inc. now owns 350,500 shares of the industrial products company’s stock valued at $2,629,000 after buying an additional 50,500 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of Pioneer Power Solutions by 0.8% in the second quarter. North Star Investment Management Corp. now owns 401,175 shares of the industrial products company’s stock valued at $2,628,000 after buying an additional 3,200 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in shares of Pioneer Power Solutions by 14.6% in the first quarter. Kennedy Capital Management Inc. now owns 321,828 shares of the industrial products company’s stock valued at $2,414,000 after buying an additional 41,069 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Pioneer Power Solutions during the first quarter valued at about $260,000. 18.86% of the stock is owned by institutional investors and hedge funds.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc manufactures, sells and services a range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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