Pioneer Power Solutions (NASDAQ:PPSI) Shares Up 1% – Still a Buy?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) shares shot up 1% on Monday . The company traded as high as $3.10 and last traded at $2.94. 64,582 shares were traded during mid-day trading, an increase of 7% from the average session volume of 60,400 shares. The stock had previously closed at $2.91.

Analysts Set New Price Targets

Several analysts have issued reports on PPSI shares. Wall Street Zen downgraded Pioneer Power Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pioneer Power Solutions in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.00.

Pioneer Power Solutions Stock Performance

The firm’s 50-day simple moving average is $3.88 and its two-hundred day simple moving average is $3.83. The company has a current ratio of 4.68, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $33.84 million, a PE ratio of -6.10 and a beta of 1.84.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Monday, May 18th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). The business had revenue of $4.27 million during the quarter, compared to analysts’ expectations of $4.70 million. Pioneer Power Solutions had a negative net margin of 30.13% and a negative return on equity of 22.96%. On average, equities research analysts expect that Pioneer Power Solutions, Inc. will post -0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pioneer Power Solutions

Several hedge funds have recently bought and sold shares of PPSI. Group One Trading LLC grew its stake 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 valued at $51,000 after acquiring an additional 11,162 shares in the last quarter. Spectrum Investment Advisors Inc. acquired a new position in shares of Pioneer Power Solutions in the 4th quarter valued at about $650,000. Geode Capital Management LLC lifted its position in shares of Pioneer Power Solutions by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 112,226 shares of the company’s stock worth $531,000 after purchasing an additional 3,099 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Pioneer Power Solutions by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 71,693 shares of the company’s stock worth $339,000 after purchasing an additional 6,143 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Pioneer Power Solutions by 40.2% in the fourth quarter. Renaissance Technologies LLC now owns 34,700 shares of the company’s stock worth $164,000 after purchasing an additional 9,948 shares in the last quarter. 10.92% of the stock is owned by hedge funds and other institutional investors.

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.