PowerBank (NASDAQ:PBK) Rating Increased to Hold at Zacks Research

PowerBank (NASDAQ:PBK) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts also recently commented on PBK. Freedom Capital downgraded shares of PowerBank from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of PowerBank in a research note on Wednesday, April 8th. Wall Street Zen downgraded shares of PowerBank from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Citigroup reiterated a “buy” rating on shares of PowerBank in a research note on Wednesday, May 20th. Finally, HC Wainwright reiterated a “buy” rating on shares of PowerBank in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PowerBank presently has a consensus rating of “Hold” and a consensus target price of $4.00.

PowerBank Price Performance

Shares of PBK stock opened at $0.92 on Thursday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.41 and a quick ratio of 0.79. The company has a market capitalization of $43.58 million, a P/E ratio of -4.85 and a beta of 2.23. The company’s 50-day simple moving average is $0.72 and its two-hundred day simple moving average is $1.14. PowerBank has a one year low of $0.45 and a one year high of $2.55.

PowerBank (NASDAQ:PBK) last issued its earnings results on Thursday, May 21st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The company had revenue of ($0.03) million during the quarter, compared to the consensus estimate of $5.43 million. PowerBank had a negative return on equity of 32.68% and a negative net margin of 21.31%. As a group, equities analysts anticipate that PowerBank will post -0.23 EPS for the current year.

Institutional Trading of PowerBank

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of PowerBank in the fourth quarter worth $63,000. Jane Street Group LLC acquired a new stake in shares of PowerBank in the fourth quarter worth $191,000. HRT Financial LP acquired a new stake in shares of PowerBank in the fourth quarter worth $55,000. Goldman Sachs Group Inc. increased its stake in shares of PowerBank by 416.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock worth $178,000 after acquiring an additional 79,302 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of PowerBank in the third quarter worth $52,000.

PowerBank Company Profile

PowerBank Corporation, formerly known as SolarBank Corporation, operates as an independent renewable and clean energy project developer and asset operator in Canada and the United States. The company engages in the site origination, development, financing, engineering, procurement, construction, operation, maintenance, and asset management of solar photovoltaic power generation projects. It offers solar energy solutions in the areas of behind-the-meter solar power plants, electricity grid connected community solar gardens, and utility scale solar farms.