Pioneer Power Solutions (NASDAQ:PPSI) Stock Price Down 3.9% – Here’s Why

Shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) traded down 3.9% during trading on Monday . The company traded as low as $4.30 and last traded at $4.41. 126,732 shares traded hands during trading, a decline of 42% from the average session volume of 216,970 shares. The stock had previously closed at $4.59.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Pioneer Power Solutions from a “hold” rating to a “sell” rating in a report 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 report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Pioneer Power Solutions has an average rating of “Hold” and a consensus price target of $7.00.

Pioneer Power Solutions Price Performance

The stock has a market cap of $48.95 million, a price-to-earnings ratio of -8.82 and a beta of 1.76. The company has a current ratio of 4.68, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $4.07 and a two-hundred day moving average price of $4.04.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings data on Monday, May 18th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate 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 company had revenue of $4.27 million during the quarter, compared to analysts’ expectations of $4.70 million. As a group, equities research analysts forecast that Pioneer Power Solutions, Inc. will post -0.48 EPS for the current year.

Hedge Funds Weigh In On Pioneer Power Solutions

Institutional investors have recently bought and sold shares of the business. Group One Trading LLC raised its holdings in shares of Pioneer Power Solutions by 577.9% during the first quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock worth $29,000 after purchasing an additional 7,611 shares during the last quarter. Smith Moore & CO. acquired a new stake in shares of Pioneer Power Solutions during the 4th quarter worth approximately $61,000. XTX Topco Ltd acquired a new stake in Pioneer Power Solutions during the fourth quarter valued at $65,000. Legacy Advisors LLC acquired a new stake in shares of Pioneer Power Solutions during the 3rd quarter valued at about $69,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Pioneer Power Solutions in the third quarter valued at approximately $94,000. 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.