Pioneer Power Solutions (NASDAQ:PPSI) Shares Down 0.8% – Should You Sell?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI)’s share price was down 0.8% during mid-day trading on Friday . The stock traded as low as $4.61 and last traded at $4.69. Approximately 296,165 shares changed hands during mid-day trading, an increase of 120% from the average daily volume of 134,398 shares. The stock had previously closed at $4.73.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Pioneer Power Solutions to a “hold” rating in a report on Saturday, September 13th. Lake Street Capital reissued a “buy” rating and issued a $7.00 price objective on shares of Pioneer Power Solutions in a research report on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pioneer Power Solutions in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Pioneer Power Solutions Stock Performance

The firm has a market capitalization of $52.04 million, a price-to-earnings ratio of -10.20 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.55 and a current ratio of 4.62. The stock’s fifty day moving average is $4.07 and its two-hundred day moving average is $3.81.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.16) EPS for the quarter, hitting analysts’ consensus estimates of ($0.16). The firm had revenue of $6.89 million for the quarter, compared to analyst estimates of $6.59 million. Pioneer Power Solutions had a net margin of 99.80% and a negative return on equity of 12.91%. Analysts forecast that Pioneer Power Solutions, Inc. will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On Pioneer Power Solutions

A number of hedge funds have recently bought and sold shares of the business. Group One Trading LLC raised its position in shares of Pioneer Power Solutions by 1,860.3% in the 3rd quarter. Group One Trading LLC now owns 11,762 shares of the company’s stock valued at $51,000 after purchasing an additional 11,162 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Pioneer Power Solutions in the second quarter worth $55,000. Legacy Advisors LLC acquired a new stake in Pioneer Power Solutions in the third quarter valued at $69,000. NewEdge Advisors LLC bought a new position in Pioneer Power Solutions during the 3rd quarter valued at $94,000. Finally, James Investment Research Inc. bought a new position in Pioneer Power Solutions during the 3rd quarter valued at $94,000. Institutional investors and hedge funds own 10.92% of the company’s stock.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.