Pioneer Power Solutions (NASDAQ:PPSI) Stock Price Down 1.8% – What’s Next?

Shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) traded down 1.8% on Monday. The stock traded as low as $3.20 and last traded at $3.25. Approximately 42,144 shares were traded during trading, a decline of 63% from the average session volume of 115,248 shares. The stock had previously closed at $3.31.

Analysts Set New Price Targets

A number of analysts have weighed in on PPSI shares. HC Wainwright reaffirmed a “buy” rating on shares of Pioneer Power Solutions in a research report on Tuesday, August 18th. Weiss Ratings cut Pioneer Power Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.

Pioneer Power Solutions Trading Down 1.8%

The company has a current ratio of 4.11, a quick ratio of 2.92 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $3.06 and a 200-day moving average price of $3.52. The firm has a market capitalization of $36.07 million, a PE ratio of -5.60 and a beta of 1.78.

Pioneer Power Solutions (NASDAQ:PPSI) last posted 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). The business had revenue of $5.02 million during the quarter, compared to analysts’ expectations of $4.78 million. Pioneer Power Solutions had a negative net margin of 38.11% and a negative return on equity of 27.64%. Analysts expect that Pioneer Power Solutions, Inc. will post -0.62 earnings per share for the current year.

Institutional Investors Weigh In On Pioneer Power Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Pioneer Power Solutions by 85.0% during the first 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 increased 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 in the last quarter. Institutional investors and hedge funds own 10.92% of the company’s stock.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc (NASDAQ: PPSI) provides electrical power-generation and distribution equipment, energy-storage systems, and related engineering services. The company develops and supplies solutions designed to support commercial, industrial, utility, and other critical-power applications.

Its offerings include custom electrical equipment, switchgear, transformers, control systems, microgrid and distributed-generation solutions, and battery energy-storage systems. Pioneer Power also provides engineering, project management, installation, commissioning, and maintenance services associated with its power infrastructure products.

The company serves customers primarily in the United States through its operating subsidiaries and has focused on solutions that improve power reliability, resiliency, and flexibility.