Pioneer Power Solutions (NASDAQ:PPSI) Shares Down 3.9% – Should You Sell?

Shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) fell 3.9% on Monday . The stock traded as low as $4.30 and last traded at $4.41. Approximately 126,732 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 216,970 shares. The stock had previously closed at $4.59.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PPSI. Wall Street Zen lowered Pioneer Power Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings lowered shares of Pioneer Power Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Pioneer Power Solutions presently has an average rating of “Hold” and a consensus price target of $7.00.

Pioneer Power Solutions Trading Down 5.7%

The firm’s fifty day moving average price is $4.11 and its 200-day moving average price is $4.04. The company has a market cap of $43.73 million, a price-to-earnings ratio of -7.88 and a beta of 1.76. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 3.53.

Pioneer Power Solutions (NASDAQ:PPSI) last released its quarterly earnings data on Monday, May 18th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). The firm had revenue of $4.27 million during the quarter, compared to analyst estimates of $4.70 million. Pioneer Power Solutions had a negative return on equity of 22.96% and a negative net margin of 30.13%. On average, equities analysts expect that Pioneer Power Solutions, Inc. will post -0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Pioneer Power Solutions

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Pioneer Power Solutions by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 112,226 shares of the company’s stock worth $531,000 after acquiring an additional 3,099 shares in the last quarter. State Street Corp raised its position in shares of Pioneer Power Solutions by 12.6% during the fourth quarter. State Street Corp now owns 34,028 shares of the company’s stock worth $161,000 after purchasing an additional 3,800 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Pioneer Power Solutions by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock worth $251,000 after purchasing an additional 5,530 shares during the period. Group One Trading LLC lifted its holdings in shares of Pioneer Power Solutions by 577.9% during the first quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock valued at $29,000 after purchasing an additional 7,611 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Pioneer Power Solutions by 40.2% during the fourth quarter. Renaissance Technologies LLC now owns 34,700 shares of the company’s stock valued at $164,000 after purchasing an additional 9,948 shares during the last quarter. 10.92% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.