PowerBank Corporation (NASDAQ:PBK) Given Average Recommendation of “Hold” by Analysts

Shares of PowerBank Corporation (NASDAQ:PBK) have received a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $4.00.

A number of analysts recently issued reports on PBK shares. Wall Street Zen cut PowerBank from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. Citigroup reissued a “buy” rating on shares of PowerBank in a report on Wednesday, May 20th. Freedom Capital cut PowerBank from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. HC Wainwright reiterated a “buy” rating on shares of PowerBank in a research note on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of PowerBank in a research note on Wednesday, April 8th.

Institutional Trading of PowerBank

Several institutional investors and hedge funds have recently bought and sold shares of PBK. Jane Street Group LLC purchased a new stake in PowerBank in the 2nd quarter worth approximately $28,000. Citadel Advisors LLC purchased a new stake in shares of PowerBank in the 3rd quarter valued at about $52,000. HRT Financial LP purchased a new stake in shares of PowerBank in the 4th quarter valued at about $55,000. Virtu Financial LLC purchased a new stake in shares of PowerBank in the 4th quarter valued at about $63,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of PowerBank by 416.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock valued at $178,000 after acquiring an additional 79,302 shares in the last quarter.

PowerBank Stock Performance

Shares of PBK stock opened at $0.86 on Wednesday. The stock has a market capitalization of $40.73 million, a P/E ratio of -4.53 and a beta of 2.23. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 2.24. The firm’s 50 day moving average is $0.74 and its 200 day moving average is $1.13. PowerBank has a 12 month low of $0.45 and a 12 month high of $2.55.

PowerBank (NASDAQ:PBK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The business had revenue of ($0.02) million for the quarter, compared to analysts’ expectations of $5.43 million. PowerBank had a negative net margin of 21.31% and a negative return on equity of 32.68%. On average, sell-side analysts anticipate that PowerBank will post -0.23 earnings per share for the current year.

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.