Pioneer Power Solutions (NASDAQ:PPSI) Shares Down 0.9% – Here’s Why

Pioneer Power Solutions, Inc. (NASDAQ:PPSI)’s stock price dropped 0.9% on Monday . The stock traded as low as $4.60 and last traded at $4.64. Approximately 184,074 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 168,961 shares. The stock had previously closed at $4.68.

Analyst Ratings Changes

A number of analysts have recently commented on PPSI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pioneer Power Solutions in a research note on Thursday. Lake Street Capital restated a “buy” rating and set a $7.00 price objective on shares of Pioneer Power Solutions in a report on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Pioneer Power Solutions has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Pioneer Power Solutions Trading Down 0.9%

The business has a 50 day moving average of $4.28 and a 200-day moving average of $4.06. The company has a current ratio of 4.62, a quick ratio of 3.55 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $51.50 million, a P/E ratio of -10.09 and a beta of 1.26.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.16) EPS for the quarter, meeting the consensus estimate of ($0.16). The business had revenue of $6.89 million for the quarter, compared to analysts’ expectations of $6.59 million. Pioneer Power Solutions had a net margin of 99.80% and a negative return on equity of 12.91%. Analysts anticipate that Pioneer Power Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Group One Trading LLC raised its position in 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 buying an additional 11,162 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Pioneer Power Solutions during the 2nd quarter worth approximately $55,000. Smith Moore & CO. acquired a new stake in shares of Pioneer Power Solutions in the fourth quarter valued at approximately $61,000. Legacy Advisors LLC bought a new stake in shares of Pioneer Power Solutions in the third quarter worth $69,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Pioneer Power Solutions in the third quarter worth $94,000. 10.92% of the stock is currently owned by institutional investors.

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.