Pioneer Power Solutions (NASDAQ:PPSI) Trading Down 2.2% – What’s Next?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI)’s stock price traded down 2.2% during mid-day trading on Monday . The stock traded as low as $3.55 and last traded at $3.57. 70,541 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 86,639 shares. The stock had previously closed at $3.65.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PPSI shares. Wall Street Zen cut Pioneer Power Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pioneer Power Solutions in a research report on Friday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.00.

Pioneer Power Solutions Stock Up 1.7%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.68. The company has a market capitalization of $39.17 million, a price-to-earnings ratio of -7.06 and a beta of 1.80. The firm’s 50-day simple moving average is $4.29 and its 200-day simple moving average is $4.00.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings data on Monday, May 18th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). Pioneer Power Solutions had a negative net margin of 30.13% and a negative return on equity of 22.96%. The company had revenue of $4.27 million for the quarter, compared to analyst estimates of $4.70 million. Sell-side analysts forecast that Pioneer Power Solutions, Inc. will post -0.48 earnings per share for the current year.

Institutional Trading of Pioneer Power Solutions

Hedge funds have recently modified their holdings of the company. State Street Corp boosted its position in shares of Pioneer Power Solutions by 12.6% during the 4th quarter. State Street Corp now owns 34,028 shares of the company’s stock valued at $161,000 after acquiring an additional 3,800 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Pioneer Power Solutions by 40.2% during the fourth quarter. Renaissance Technologies LLC now owns 34,700 shares of the company’s stock valued at $164,000 after purchasing an additional 9,948 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Pioneer Power Solutions by 9.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 71,693 shares of the company’s stock valued at $339,000 after purchasing an additional 6,143 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Pioneer Power Solutions in the 3rd quarter valued at approximately $94,000. Finally, Legacy Advisors LLC bought a new stake in shares of Pioneer Power Solutions in the 3rd quarter valued at approximately $69,000. Institutional investors 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.