Pioneer Power Solutions (NASDAQ:PPSI) Rating Lowered to Strong Sell at ValuEngine

Pioneer Power Solutions (NASDAQ:PPSI) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Monday, April 1st, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of Pioneer Power Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th.

Shares of Pioneer Power Solutions stock traded down $0.06 during trading on Monday, hitting $5.21. 1,000 shares of the company’s stock were exchanged, compared to its average volume of 8,223. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.37. Pioneer Power Solutions has a 52-week low of $4.40 and a 52-week high of $6.50. The stock has a market cap of $46.95 million, a PE ratio of 7.65 and a beta of 1.38.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its earnings results on Thursday, March 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The business had revenue of $26.51 million for the quarter, compared to analysts’ expectations of $29.20 million. Pioneer Power Solutions had a positive return on equity of 42.90% and a negative net margin of 5.63%.

A hedge fund recently raised its stake in Pioneer Power Solutions stock. Segall Bryant & Hamill LLC lifted its holdings in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,350 shares of the company’s stock after buying an additional 4,090 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.75% of Pioneer Power Solutions worth $343,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 25.63% of the company’s stock.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc, together with its subsidiaries, manufactures, sells, and services specialty electrical transmission, distribution, and on-site power generation equipment in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions.

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