Squarepoint Ops LLC acquired a new stake in Pioneer Power Solutions, Inc. (NASDAQ:PPSI – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 24,739 shares of the company’s stock, valued at approximately $102,000.
A number of other institutional investors have also made changes to their positions in PPSI. Occudo Quantitative Strategies LP bought a new position in Pioneer Power Solutions in the 4th quarter worth approximately $64,000. Two Sigma Securities LLC bought a new stake in shares of Pioneer Power Solutions during the fourth quarter valued at approximately $78,000. Marshall Wace LLP bought a new stake in Pioneer Power Solutions in the fourth quarter valued at $107,000. Northern Trust Corp grew its position in Pioneer Power Solutions by 64.3% in the fourth quarter. Northern Trust Corp now owns 41,898 shares of the company’s stock valued at $173,000 after acquiring an additional 16,392 shares during the period. Finally, Manatuck Hill Partners LLC bought a new stake in Pioneer Power Solutions in the fourth quarter valued at $310,000. 10.92% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms have commented on PPSI. HC Wainwright reissued a “buy” rating and issued a $12.00 price objective on shares of Pioneer Power Solutions in a research note on Wednesday, April 16th. Wall Street Zen raised Pioneer Power Solutions from a “sell” rating to a “hold” rating in a research report on Monday, May 19th.
Pioneer Power Solutions Stock Performance
Shares of NASDAQ PPSI opened at $2.77 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 0.69 and a debt-to-equity ratio of 0.01. Pioneer Power Solutions, Inc. has a 12 month low of $2.25 and a 12 month high of $7.00. The stock has a 50 day moving average of $2.66 and a 200-day moving average of $3.58. The company has a market capitalization of $30.80 million, a P/E ratio of -4.07 and a beta of 1.00.
Pioneer Power Solutions (NASDAQ:PPSI – Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.11). The firm had revenue of $6.74 million during the quarter, compared to the consensus estimate of $6.70 million. Pioneer Power Solutions had a negative net margin of 20.91% and a negative return on equity of 45.67%. As a group, equities research analysts predict that Pioneer Power Solutions, Inc. will post 0.32 EPS for the current year.
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.
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