PowerBank (NASDAQ:PBK – Get Free Report) issued its earnings results on Monday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.17), FiscalAI reports. PowerBank had a negative return on equity of 32.68% and a negative net margin of 21.31%.The firm had revenue of $3.65 million during the quarter.
PowerBank Stock Up 0.7%
Shares of PBK traded up $0.00 on Monday, reaching $0.26. The stock had a trading volume of 390,465 shares, compared to its average volume of 1,975,034. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.79 and a current ratio of 1.41. PowerBank has a 12-month low of $0.26 and a 12-month high of $2.35. The firm has a market capitalization of $16.39 million, a price-to-earnings ratio of -1.39 and a beta of 2.38. The company has a 50-day simple moving average of $0.42 and a 200-day simple moving average of $0.62.
Analysts Set New Price Targets
Several equities analysts recently commented on PBK shares. HC Wainwright reaffirmed a “buy” rating on shares of PowerBank in a report on Wednesday, June 3rd. Zacks Research upgraded PowerBank to a “hold” rating in a report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, PowerBank has an average rating of “Hold”.
About PowerBank
PowerBank Corporation (NASDAQ: PBK) is a renewable energy company that develops, constructs, owns and operates solar power and energy-storage projects. Its activities include distributed-generation and community-solar projects designed to supply electricity to residential, commercial and utility customers.
The company’s project portfolio has included solar installations and related energy-storage assets in the United States and Canada. PowerBank is involved throughout the project lifecycle, including site development, permitting, engineering, procurement, construction management, financing and ongoing asset operations.
The company was previously known as SolarBank Corporation and is headquartered in Toronto, Canada.
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