PowerBank Corporation (NASDAQ:PBK) Receives Consensus Recommendation of “Hold” from Analysts

PowerBank Corporation (NASDAQ:PBK) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $4.00.

A number of brokerages have weighed in on PBK. Zacks Research raised PowerBank to a “hold” rating in a research note on Thursday, June 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of PowerBank in a research note on Wednesday, April 8th. HC Wainwright reiterated a “buy” rating on shares of PowerBank in a report on Wednesday, June 3rd. Wall Street Zen lowered shares of PowerBank from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. Finally, Citigroup reiterated a “buy” rating on shares of PowerBank in a report on Wednesday, May 20th.

PowerBank Stock Down 1.4%

PBK stock opened at $0.72 on Friday. PowerBank has a one year low of $0.45 and a one year high of $2.55. The stock has a market capitalization of $34.30 million, a P/E ratio of -3.79 and a beta of 2.23. The company has a 50 day moving average price of $0.80 and a two-hundred day moving average price of $1.06. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.79 and a current ratio of 1.41.

PowerBank (NASDAQ:PBK) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). PowerBank had a negative return on equity of 32.68% and a negative net margin of 21.31%.The business had revenue of ($0.02) million for the quarter, compared to analysts’ expectations of $5.43 million. As a group, sell-side analysts expect that PowerBank will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of PowerBank during the 4th quarter worth about $191,000. Goldman Sachs Group Inc. lifted its holdings in shares of PowerBank by 416.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock worth $178,000 after acquiring an additional 79,302 shares during the period. Virtu Financial LLC purchased a new position in shares of PowerBank during the 4th quarter worth about $63,000. Citadel Advisors LLC purchased a new position in shares of PowerBank during the 3rd quarter worth about $52,000. Finally, HRT Financial LP purchased a new position in shares of PowerBank during the 4th quarter worth about $55,000.

PowerBank Company Profile

PowerBank Corporation, formerly known as SolarBank Corporation, operates as an independent renewable and clean energy project developer and asset operator in Canada and the United States. The company engages in the site origination, development, financing, engineering, procurement, construction, operation, maintenance, and asset management of solar photovoltaic power generation projects. It offers solar energy solutions in the areas of behind-the-meter solar power plants, electricity grid connected community solar gardens, and utility scale solar farms.