PowerBank Corporation (NASDAQ:PBK) Given Consensus Rating of “Hold” by Analysts

PowerBank Corporation (NASDAQ:PBK) has earned an average rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company.

Several equities analysts have recently weighed in on the company. HC Wainwright reissued a “buy” rating on shares of PowerBank in a research report on Wednesday, June 3rd. Zacks Research upgraded PowerBank to a “hold” rating in a research report on Thursday, June 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PowerBank in a research note on Wednesday, April 8th. Citigroup reiterated a “buy” rating on shares of PowerBank in a research report on Wednesday, May 20th. Finally, Wall Street Zen downgraded shares of PowerBank from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th.

Hedge Funds Weigh In On PowerBank

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in PowerBank in the 4th quarter worth about $191,000. Goldman Sachs Group Inc. boosted its position in shares of PowerBank by 416.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock valued at $178,000 after buying an additional 79,302 shares during the period. Virtu Financial LLC purchased a new position in shares of PowerBank during the fourth quarter valued at approximately $63,000. Citadel Advisors LLC bought a new position in shares of PowerBank during the third quarter valued at approximately $52,000. Finally, HRT Financial LP bought a new position in shares of PowerBank during the fourth quarter valued at approximately $55,000.

PowerBank Trading Down 8.0%

Shares of NASDAQ PBK opened at $0.48 on Thursday. The business’s 50 day moving average is $0.79 and its two-hundred day moving average is $0.89. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.41 and a quick ratio of 0.79. PowerBank has a 1-year low of $0.45 and a 1-year high of $2.55. The stock has a market capitalization of $27.05 million, a P/E ratio of -2.51 and a beta of 2.32.

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

About PowerBank

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.