Pioneer Power Solutions (NASDAQ:PPSI) Trading Down 2.2% – Here’s Why

Pioneer Power Solutions, Inc. (NASDAQ:PPSI)’s stock price dropped 2.2% on Monday . The stock traded as low as $3.55 and last traded at $3.57. 70,541 shares were traded during trading, a decline of 19% from the average session volume of 86,639 shares. The stock had previously closed at $3.65.

Analyst Upgrades and Downgrades

PPSI has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Pioneer Power Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings downgraded shares of Pioneer Power Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Pioneer Power Solutions presently has an average rating of “Hold” and an average price target of $7.00.

Pioneer Power Solutions Trading Down 2.2%

The company’s 50 day simple moving average is $4.31 and its 200-day simple moving average is $4.01. The firm has a market cap of $39.63 million, a P/E ratio of -7.14 and a beta of 1.80. The company has a quick ratio of 3.53, a current ratio of 4.68 and a debt-to-equity ratio of 0.01.

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

Institutional Investors Weigh In On Pioneer Power Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPSI. Renaissance Technologies LLC lifted its holdings in shares of Pioneer Power Solutions by 85.0% in the 1st quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock worth $209,000 after buying an additional 29,500 shares during the period. Group One Trading LLC raised its stake in Pioneer Power Solutions by 577.9% in the first quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock worth $29,000 after buying an additional 7,611 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Pioneer Power Solutions by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 77,223 shares of the company’s stock worth $251,000 after buying an additional 5,530 shares during the period. XTX Topco Ltd purchased a new stake in Pioneer Power Solutions during the fourth quarter worth $65,000. Finally, State Street Corp lifted its holdings in Pioneer Power Solutions by 12.6% during the fourth quarter. State Street Corp now owns 34,028 shares of the company’s stock worth $161,000 after buying an additional 3,800 shares during the period. Institutional investors own 10.92% of the company’s stock.

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.