Pioneer Power Solutions Inc. (NASDAQ:PPSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Pioneer Power Solutions, Inc. is specialty manufacturer of electrical transmission and distribution equipment. The company provide solutions in the utility, industrial and commercial segments of the electrical transmission and distribution industry. It operates primarily in the U.S., Canada and Mexico. Pioneer Power Solutions, Inc. is headquartered in Fort Lee, New Jersey. “

Shares of Pioneer Power Solutions (NASDAQ:PPSI) opened at 5.90 on Friday. The company’s market cap is $51.32 million. The stock has a 50 day moving average of $5.55 and a 200 day moving average of $5.41. Pioneer Power Solutions has a 12-month low of $2.78 and a 12-month high of $6.38.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.03. The company had revenue of $29.90 million for the quarter, compared to analyst estimates of $28 million. Pioneer Power Solutions had a positive return on equity of 11.05% and a negative net margin of 3.79%. Equities research analysts predict that Pioneer Power Solutions will post $0.53 earnings per share for the current fiscal year.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc manufactures, sells and services a range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).

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