Pioneer Power Solutions (NASDAQ:PPSI) Upgraded at StockNews.com

Pioneer Power Solutions (NASDAQ:PPSI) was upgraded by analysts at StockNews.com to a “sell” rating in a research note issued on Wednesday.

Pioneer Power Solutions Stock Performance

Pioneer Power Solutions stock traded up $0.38 during trading hours on Wednesday, reaching $4.65. 281,190 shares of the company were exchanged, compared to its average volume of 98,818. Pioneer Power Solutions has a 12 month low of $3.35 and a 12 month high of $7.30. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $4.44 and a 200 day moving average of $4.39. The firm has a market cap of $50.78 million, a price-to-earnings ratio of 25.83 and a beta of 0.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PPSI. GSA Capital Partners LLP boosted its holdings in Pioneer Power Solutions by 138.1% during the first quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock valued at $460,000 after acquiring an additional 46,680 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Pioneer Power Solutions by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after purchasing an additional 8,401 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Pioneer Power Solutions during the 4th quarter valued at approximately $109,000. Finally, Virtu Financial LLC bought a new stake in Pioneer Power Solutions during the 1st quarter valued at approximately $91,000. 10.92% of the stock is currently owned by institutional investors and hedge funds.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.