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.

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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).

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