Pioneer Power Solutions (NASDAQ:PPSI) Trading Up 1% – Should You Buy?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) shares shot up 1% during trading on Monday . The stock traded as high as $3.10 and last traded at $2.94. 64,582 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 60,400 shares. The stock had previously closed at $2.91.

Analyst Ratings Changes

A number of research analysts recently weighed in on PPSI shares. Wall Street Zen downgraded Pioneer Power Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Pioneer Power Solutions in a research note on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.00.

Pioneer Power Solutions Trading Up 1.0%

The firm has a market cap of $32.63 million, a P/E ratio of -5.88 and a beta of 1.85. The company has a quick ratio of 3.53, a current ratio of 4.68 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $3.93 and its 200 day simple moving average is $3.84.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Monday, May 18th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). The company had revenue of $4.27 million for the quarter, compared to the consensus estimate of $4.70 million. Pioneer Power Solutions had a negative net margin of 30.13% and a negative return on equity of 22.96%. As a group, analysts expect that Pioneer Power Solutions, Inc. will post -0.48 earnings per share for the current year.

Institutional Trading of Pioneer Power Solutions

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Pioneer Power Solutions by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 112,226 shares of the company’s stock valued at $531,000 after buying an additional 3,099 shares during the last quarter. State Street Corp increased its holdings in Pioneer Power Solutions by 12.6% in the 4th quarter. State Street Corp now owns 34,028 shares of the company’s stock worth $161,000 after acquiring an additional 3,800 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Pioneer Power Solutions by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock valued at $251,000 after acquiring an additional 5,530 shares during the period. Group One Trading LLC raised its stake in Pioneer Power Solutions by 577.9% in the 1st quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock valued at $29,000 after acquiring an additional 7,611 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Pioneer Power Solutions by 40.2% during the fourth quarter. Renaissance Technologies LLC now owns 34,700 shares of the company’s stock valued at $164,000 after purchasing an additional 9,948 shares during the last quarter. 10.92% of the stock is owned by hedge funds and other institutional investors.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.