Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Increases Dividend to $1.50 Per Share

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) announced a dividend on Thursday, November 14th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 17th will be given a dividend of 1.50 per share on Tuesday, January 7th. The ex-dividend date is Tuesday, December 17th. This is a boost from Pioneer Power Solutions’s previous dividend of $0.12.

Pioneer Power Solutions Stock Up 0.2 %

NASDAQ:PPSI opened at $5.81 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.69 and a current ratio of 1.41. The company has a market capitalization of $63.97 million, a price-to-earnings ratio of -8.54 and a beta of 0.68. Pioneer Power Solutions has a one year low of $3.35 and a one year high of $7.30. The stock has a 50-day simple moving average of $6.03 and a 200 day simple moving average of $4.94.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Tuesday, October 8th. The company reported ($0.21) EPS for the quarter. Pioneer Power Solutions had a negative return on equity of 45.67% and a negative net margin of 20.91%. The firm had revenue of $6.34 million for the quarter. Sell-side analysts predict that Pioneer Power Solutions will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PPSI has been the subject of several recent research reports. StockNews.com upgraded shares of Pioneer Power Solutions to a “sell” rating in a research note on Saturday, November 2nd. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price objective on shares of Pioneer Power Solutions in a research report on Thursday, October 31st.

Pioneer Power Solutions Company Profile

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.