Pioneer Power Solutions (NASDAQ:PPSI) Stock Price Up 2.5% – Time to Buy?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) rose 2.5% during trading on Tuesday. The company traded as high as $2.53 and last traded at $2.46. 66,337 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 59,802 shares. The stock had previously closed at $2.40.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. HC Wainwright restated a “buy” rating on shares of Pioneer Power Solutions in a report on Tuesday, August 18th. Weiss Ratings lowered shares of Pioneer Power Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.00.

Pioneer Power Solutions Trading Up 2.5%

The business has a fifty day simple moving average of $2.96 and a 200 day simple moving average of $3.54. The stock has a market cap of $27.31 million, a price-to-earnings ratio of -4.24 and a beta of 1.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.92 and a current ratio of 4.11.

Pioneer Power Solutions (NASDAQ:PPSI) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Pioneer Power Solutions had a negative return on equity of 27.64% and a negative net margin of 38.11%. The company had revenue of $5.02 million during the quarter, compared to analyst estimates of $4.78 million. As a group, equities analysts anticipate that Pioneer Power Solutions, Inc. will post -0.62 EPS for the current year.

Institutional Trading of Pioneer Power Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in shares of Pioneer Power Solutions by 85.0% during the 1st quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock worth $209,000 after purchasing an additional 29,500 shares during the last quarter. Group One Trading LLC raised its position in shares of Pioneer Power Solutions by 577.9% in the first quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock valued at $29,000 after buying an additional 7,611 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Pioneer Power Solutions by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock valued at $251,000 after buying an additional 5,530 shares during the last quarter. Hedge funds and other institutional investors own 10.92% of the company’s stock.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ:PPSI) provides electrical power solutions for customers seeking reliable, resilient and flexible energy infrastructure. The company focuses on distributed energy resources, including systems designed to support backup power, peak-load management and microgrid applications.

Through its operating businesses, Pioneer Power offers engineering, equipment procurement, system integration, installation and service capabilities. Its solutions may incorporate power-generation equipment, electrical distribution systems, controls and energy-storage technologies.