ValuEngine Downgrades Pioneer Power Solutions (NASDAQ:PPSI) to Sell

ValuEngine lowered shares of Pioneer Power Solutions (NASDAQ:PPSI) from a hold rating to a sell rating in a report issued on Thursday morning, ValuEngine reports.

Shares of Pioneer Power Solutions stock traded up $0.10 during trading hours on Thursday, hitting $5.32. The company’s stock had a trading volume of 137 shares, compared to its average volume of 5,875. Pioneer Power Solutions has a 12 month low of $4.40 and a 12 month high of $6.76. The stock has a 50 day simple moving average of $5.31. The company has a market capitalization of $45.57 million, a P/E ratio of 3.70 and a beta of 1.21. The company has a quick ratio of 0.52, a current ratio of 1.03 and a debt-to-equity ratio of 0.13.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.68. Pioneer Power Solutions had a return on equity of 83.45% and a net margin of 0.55%. The company had revenue of $24.70 million during the quarter.

An institutional investor recently raised its position in Pioneer Power Solutions stock. North Star Investment Management Corp. grew its holdings in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) by 16.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 790,223 shares of the company’s stock after acquiring an additional 111,709 shares during the quarter. North Star Investment Management Corp. owned 9.05% of Pioneer Power Solutions worth $3,754,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 26.10% of the company’s stock.

Pioneer Power Solutions Company Profile

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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