Pioneer Power Solutions (NASDAQ:PPSI) Shares Down 1.8% – Should You Sell?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) shares fell 1.8% during mid-day trading on Monday. The company traded as low as $3.20 and last traded at $3.25. Approximately 42,144 shares traded hands during trading, a decline of 63% from the average session volume of 115,248 shares. The stock had previously closed at $3.31.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. HC Wainwright reiterated a “buy” rating on shares of Pioneer Power Solutions in a research report on Tuesday, August 18th. Weiss Ratings lowered Pioneer Power Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Pioneer Power Solutions has a consensus rating of “Hold” and a consensus price target of $7.00.

Pioneer Power Solutions Price Performance

The company has a market capitalization of $36.07 million, a price-to-earnings ratio of -5.60 and a beta of 1.78. The company has a fifty day simple moving average of $3.06 and a two-hundred day simple moving average of $3.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.92 and a current ratio of 4.11.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Friday, August 14th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). Pioneer Power Solutions had a negative net margin of 38.11% and a negative return on equity of 27.64%. The business had revenue of $5.02 million during the quarter, compared to analyst estimates of $4.78 million. As a group, research analysts anticipate that Pioneer Power Solutions, Inc. will post -0.62 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Pioneer Power Solutions by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock worth $251,000 after acquiring an additional 5,530 shares during the period. Group One Trading LLC boosted its position in shares of Pioneer Power Solutions by 577.9% in the first quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock worth $29,000 after acquiring an additional 7,611 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Pioneer Power Solutions by 85.0% in the first quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock valued at $209,000 after purchasing an additional 29,500 shares during the period. Institutional investors and hedge funds own 10.92% of the company’s stock.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) provides electrical power-generation and distribution equipment, energy-storage systems, and related engineering services. The company develops and supplies solutions designed to support commercial, industrial, utility, and other critical-power applications.

Its offerings include custom electrical equipment, switchgear, transformers, control systems, microgrid and distributed-generation solutions, and battery energy-storage systems. Pioneer Power also provides engineering, project management, installation, commissioning, and maintenance services associated with its power infrastructure products.

The company serves customers primarily in the United States through its operating subsidiaries and has focused on solutions that improve power reliability, resiliency, and flexibility.