Pioneer Power Solutions, Inc. (PPSI) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Pioneer Power Solutions, Inc. (OTCMKTS:PPSI) from a hold rating to a sell rating in a research report report published on Friday morning.

According to Zacks, “Pioneer Power Solutions, Inc. is specialty manufacturer of electrical transmission and distribution equipment. The company provide solutions in the utility, industrial and commercial segments of the electrical transmission and distribution industry. It operates primarily in the U.S., Canada and Mexico. Pioneer Power Solutions, Inc. is headquartered in Fort Lee, New Jersey. “

Several other equities analysts also recently commented on the company. ValuEngine downgraded Pioneer Power Solutions from a strong-buy rating to a buy rating in a research report on Friday, September 1st. Roth Capital reaffirmed a buy rating and issued a $8.00 price objective on shares of Pioneer Power Solutions in a research report on Tuesday, August 15th.

Pioneer Power Solutions (PPSI) traded up $0.06 during midday trading on Friday, hitting $7.50. The stock had a trading volume of 18,680 shares, compared to its average volume of 11. The company has a market cap of $41.35, a P/E ratio of 9.42 and a beta of -856.96. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 0.17. Pioneer Power Solutions has a 52-week low of $5.51 and a 52-week high of $7.00.

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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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