PowerBank Corporation (NASDAQ:PBK) Given Average Recommendation of “Hold” by Analysts

PowerBank Corporation (NASDAQ:PBK) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company.

PBK has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of PowerBank in a report on Wednesday, April 8th. Citigroup reissued a “buy” rating on shares of PowerBank in a report on Wednesday, May 20th. Wall Street Zen downgraded PowerBank from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. HC Wainwright reaffirmed a “buy” rating on shares of PowerBank in a research note on Wednesday, June 3rd. Finally, Zacks Research upgraded PowerBank to a “hold” rating in a research report on Thursday, June 4th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in PowerBank in the fourth quarter worth about $191,000. Goldman Sachs Group Inc. boosted its position in shares of PowerBank by 416.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock valued at $178,000 after purchasing an additional 79,302 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of PowerBank in the 4th quarter worth approximately $63,000. Citadel Advisors LLC acquired a new position in shares of PowerBank in the 3rd quarter worth approximately $52,000. Finally, HRT Financial LP bought a new stake in shares of PowerBank in the 4th quarter worth approximately $55,000.

PowerBank Price Performance

Shares of NASDAQ PBK opened at $0.46 on Thursday. The stock has a market cap of $26.28 million, a P/E ratio of -2.44 and a beta of 2.32. The firm’s 50-day simple moving average is $0.78 and its 200 day simple moving average is $0.88. PowerBank has a fifty-two week low of $0.42 and a fifty-two week high of $2.55. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 2.24.

PowerBank (NASDAQ:PBK) last announced its earnings results 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). PowerBank had a negative net margin of 21.31% and a negative return on equity of 32.68%. The company had revenue of ($0.02) million during the quarter, compared to the consensus estimate of $5.43 million. Equities analysts expect that PowerBank will post -0.23 EPS for the current year.

PowerBank Company Profile

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.