StockNews.com Upgrades Pioneer Power Solutions (NASDAQ:PPSI) to “Sell”

StockNews.com upgraded shares of Pioneer Power Solutions (NASDAQ:PPSI) to a sell rating in a research note published on Tuesday morning.

Pioneer Power Solutions Trading Down 3.2 %

Shares of NASDAQ PPSI opened at $4.58 on Tuesday. Pioneer Power Solutions has a 1-year low of $3.35 and a 1-year high of $7.30. The company has a 50-day moving average of $4.48 and a two-hundred day moving average of $4.38. The company has a market cap of $45.48 million, a PE ratio of 25.44 and a beta of 0.68. The company has a current ratio of 1.65, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its quarterly earnings data on Tuesday, September 10th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $8.59 million during the quarter. Pioneer Power Solutions had a negative return on equity of 17.85% and a negative net margin of 7.35%. As a group, equities analysts expect that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new stake in shares of Pioneer Power Solutions during the fourth quarter worth approximately $109,000. GSA Capital Partners LLP grew its holdings in Pioneer Power Solutions by 138.1% during the 1st quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock worth $460,000 after acquiring an additional 46,680 shares during the period. Virtu Financial LLC bought a new stake in shares of Pioneer Power Solutions during the 1st quarter valued at $91,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Pioneer Power Solutions by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock valued at $222,000 after purchasing an additional 8,401 shares during the period. 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.