Pioneer Power Solutions (NASDAQ:PPSI) Raised to "Sell" at StockNews.com

Pioneer Power Solutions (NASDAQ:PPSI - Get Free Report) was upgraded by StockNews.com to a "sell" rating in a research report issued to clients and investors on Saturday.

Separately, HC Wainwright restated a "buy" rating and issued a $12.00 target price on shares of Pioneer Power Solutions in a report on Thursday.

Pioneer Power Solutions Trading Down 1.1 %

Shares of PPSI traded down $0.07 on Friday, hitting $6.09. 194,444 shares of the stock traded hands, compared to its average volume of 157,586. Pioneer Power Solutions has a 1 year low of $3.35 and a 1 year high of $7.30. The stock's 50 day moving average is $5.12 and its two-hundred day moving average is $4.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.93 and a current ratio of 1.51.

Pioneer Power Solutions (NASDAQ:PPSI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 8th. The company reported ($0.21) EPS for the quarter. Pioneer Power Solutions had a negative net margin of 14.02% and a negative return on equity of 30.16%. The business had revenue of $6.34 million during the quarter. On average, research analysts predict that Pioneer Power Solutions will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Pioneer Power Solutions

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP increased its position 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 purchasing an additional 46,680 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Pioneer Power Solutions in the first quarter worth $91,000. Dimensional Fund Advisors LP increased its position in shares of Pioneer Power Solutions by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company's stock worth $222,000 after acquiring an additional 8,401 shares in the last quarter. Stratos Wealth Advisors LLC raised its stake in shares of Pioneer Power Solutions by 20.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company's stock valued at $70,000 after acquiring an additional 2,500 shares during the period. Finally, Evernest Financial Advisors LLC acquired a new position in shares of Pioneer Power Solutions during the 3rd quarter valued at $385,000. 10.92% of the stock is currently owned by hedge funds and other institutional investors.

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.