Pioneer Power Solutions (NASDAQ:PPSI) Shares Down 4.6% – Should You Sell?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) fell 4.6% during trading on Tuesday . The stock traded as low as $3.89 and last traded at $4.12. 215,630 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 277,836 shares. The stock had previously closed at $4.32.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Pioneer Power Solutions from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Pioneer Power Solutions currently has a consensus rating of “Hold” and an average target price of $7.00.

Pioneer Power Solutions Price Performance

The company’s fifty day moving average is $3.35 and its 200 day moving average is $3.91. The stock has a market cap of $46.18 million, a PE ratio of -9.04 and a beta of 1.67. The company has a quick ratio of 3.94, a current ratio of 5.23 and a debt-to-equity ratio of 0.01.

Pioneer Power Solutions (NASDAQ:PPSI) last released its quarterly earnings results on Wednesday, April 8th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.02. The firm had revenue of $5.63 million for the quarter, compared to analyst estimates of $6.00 million. Pioneer Power Solutions had a negative return on equity of 20.22% and a negative net margin of 21.71%.During the same period in the previous year, the company posted ($0.31) EPS. As a group, sell-side analysts anticipate that Pioneer Power Solutions, Inc. will post -0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pioneer Power Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of PPSI. XTX Topco Ltd acquired a new position in Pioneer Power Solutions during the 2nd quarter worth approximately $55,000. James Investment Research Inc. acquired a new position in Pioneer Power Solutions during the 3rd quarter worth approximately $94,000. Stratos Wealth Advisors LLC lifted its position in Pioneer Power Solutions by 66.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 25,000 shares of the company’s stock worth $108,000 after acquiring an additional 10,000 shares in the last quarter. Group One Trading LLC lifted its position in Pioneer Power Solutions by 1,860.3% during the 3rd quarter. Group One Trading LLC now owns 11,762 shares of the company’s stock worth $51,000 after acquiring an additional 11,162 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Pioneer Power Solutions by 19.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 65,550 shares of the company’s stock worth $283,000 after acquiring an additional 10,741 shares in the last quarter. 10.92% of the stock is owned by institutional investors and hedge funds.

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.