Pioneer Power Solutions (NASDAQ:PPSI) Stock Rating Upgraded by StockNews.com

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

Pioneer Power Solutions Stock Up 1.5 %

NASDAQ:PPSI opened at $4.73 on Tuesday. The company has a market cap of $46.97 million, a price-to-earnings ratio of 26.28 and a beta of 0.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.19 and a current ratio of 1.65. The stock’s fifty day moving average price is $4.48 and its two-hundred day moving average price is $4.38. Pioneer Power Solutions has a 52-week low of $3.35 and a 52-week high of $7.30.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings results on Tuesday, September 10th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $8.59 million for the quarter. Pioneer Power Solutions had a negative net margin of 7.35% and a negative return on equity of 17.85%. On average, analysts anticipate that Pioneer Power Solutions will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Pioneer Power Solutions

A number of institutional investors and hedge funds have recently modified their holdings of PPSI. Dimensional Fund Advisors LP boosted its holdings in Pioneer Power Solutions by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after buying an additional 8,401 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Pioneer Power Solutions in the 1st quarter valued at approximately $91,000. Quadrature Capital Ltd bought a new position in Pioneer Power Solutions during the 4th quarter worth approximately $109,000. Finally, GSA Capital Partners LLP grew its holdings in Pioneer Power Solutions by 138.1% during the first quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock valued at $460,000 after purchasing an additional 46,680 shares during the period. 10.92% of the stock is owned by institutional investors.

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.