Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Downgraded to “Buy” at ValuEngine
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday.
Separately, Zacks Investment Research downgraded shares of Pioneer Power Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd.
Shares of Pioneer Power Solutions (PPSI) traded down 0.83% during midday trading on Monday, hitting $5.95. 837 shares of the stock traded hands. Pioneer Power Solutions has a 52 week low of $4.85 and a 52 week high of $9.40. The firm has a 50-day moving average price of $6.45 and a 200-day moving average price of $7.08. The stock’s market capitalization is $51.84 million.
Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Thursday, May 11th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. Pioneer Power Solutions had a negative net margin of 0.87% and a positive return on equity of 17.48%. The company had revenue of $27.26 million for the quarter, compared to the consensus estimate of $29 million. On average, equities analysts predict that Pioneer Power Solutions will post $0.60 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Downgraded to “Buy” at ValuEngine” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/08/07/pioneer-power-solutions-inc-nasdaqppsi-downgraded-to-buy-at-valuengine.html.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Heartland Advisors Inc. increased its position in Pioneer Power Solutions by 16.8% in the first quarter. Heartland Advisors Inc. now owns 350,500 shares of the industrial products company’s stock worth $2,629,000 after buying an additional 50,500 shares during the last quarter. Kennedy Capital Management Inc. raised its stake in shares of Pioneer Power Solutions by 14.6% in the first quarter. Kennedy Capital Management Inc. now owns 321,828 shares of the industrial products company’s stock worth $2,414,000 after buying an additional 41,069 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Pioneer Power Solutions during the first quarter worth approximately $260,000. Finally, North Star Investment Management Corp. raised its stake in shares of Pioneer Power Solutions by 0.8% in the second quarter. North Star Investment Management Corp. now owns 401,175 shares of the industrial products company’s stock worth $2,628,000 after buying an additional 3,200 shares during the period. Institutional investors own 18.86% of the company’s stock.
Pioneer Power Solutions Company Profile
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).
Receive News & Ratings for Pioneer Power Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Power Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.