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

StockNews.com upgraded shares of Pioneer Power Solutions (NASDAQ:PPSI) to a sell rating in a research note issued to investors on Saturday.

Separately, HC Wainwright restated a “buy” rating and issued a $12.00 price objective on shares of Pioneer Power Solutions in a report on Thursday, October 31st.

Pioneer Power Solutions Price Performance

Shares of NASDAQ:PPSI opened at $6.23 on Friday. Pioneer Power Solutions has a one year low of $3.35 and a one year high of $7.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.51 and a quick ratio of 0.93. The firm has a market capitalization of $68.01 million, a price-to-earnings ratio of -12.98 and a beta of 0.65. The company’s fifty day moving average price is $5.19 and its 200-day moving average price is $4.53.

Pioneer Power Solutions (NASDAQ:PPSI) last released its quarterly earnings results on Tuesday, October 8th. The company reported ($0.21) earnings per share for the quarter. Pioneer Power Solutions had a negative net margin of 14.02% and a negative return on equity of 30.16%. The firm had revenue of $6.34 million for the quarter. On average, equities research analysts anticipate that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Pioneer Power Solutions

A number of institutional investors have recently made changes to their positions in the stock. Stratos Wealth Advisors LLC boosted its holdings in shares of Pioneer Power Solutions by 20.0% during the third quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company’s stock worth $70,000 after purchasing an additional 2,500 shares during the period. Virtu Financial LLC purchased a new stake in Pioneer Power Solutions in the 1st quarter worth approximately $91,000. Dimensional Fund Advisors LP lifted its holdings in Pioneer Power Solutions by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after buying an additional 8,401 shares during the period. Evernest Financial Advisors LLC bought a new stake in shares of Pioneer Power Solutions in the 3rd quarter worth approximately $385,000. Finally, GSA Capital Partners LLP increased its stake in shares of 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 buying an additional 46,680 shares during the period. Hedge funds and other institutional investors own 10.92% of the company’s stock.

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.