PowerBank Corporation (NASDAQ:PBK) Given Consensus Recommendation of “Hold” by Brokerages

PowerBank Corporation (NASDAQ:PBK) has been given an average rating of “Hold” by the five research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company.

Several research firms have issued reports on PBK. Zacks Research raised PowerBank to a “hold” rating in a research note on Thursday, June 4th. HC Wainwright reaffirmed a “buy” rating on shares of PowerBank in a research note on Wednesday, June 3rd. Wall Street Zen cut PowerBank from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. Finally, Citigroup reissued a “buy” rating on shares of PowerBank in a research report on Wednesday, May 20th.

PowerBank Stock Performance

PowerBank stock opened at $0.45 on Monday. The firm has a 50 day simple moving average of $0.64 and a 200-day simple moving average of $0.78. The stock has a market cap of $26.37 million, a price-to-earnings ratio of -2.37 and a beta of 2.42. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.41 and a quick ratio of 0.79. PowerBank has a 1-year low of $0.42 and a 1-year high of $2.55.

PowerBank (NASDAQ:PBK) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The firm 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, analysts expect that PowerBank will post -0.23 EPS for the current year.

Institutional Investors Weigh In On PowerBank

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of PowerBank in the 2nd quarter valued at approximately $28,000. Citadel Advisors LLC purchased a new position in shares of PowerBank during the 3rd quarter worth approximately $52,000. HRT Financial LP purchased a new position in shares of PowerBank during the 4th quarter worth approximately $55,000. Virtu Financial LLC acquired a new stake in PowerBank in the 4th quarter valued at approximately $63,000. Finally, Goldman Sachs Group Inc. increased its holdings in 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 purchasing an additional 79,302 shares during the last quarter.

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.