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

PowerBank Corporation (NASDAQ:PBK) has earned an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. Two investment 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.

A number of research analysts have commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of PowerBank in a research note on Wednesday, April 8th. Wall Street Zen lowered PowerBank from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Zacks Research upgraded PowerBank to a “hold” rating in a report on Thursday, June 4th. Citigroup reissued a “buy” rating on shares of PowerBank in a research report on Wednesday, May 20th. Finally, HC Wainwright restated a “buy” rating on shares of PowerBank in a report on Wednesday, June 3rd.

PowerBank Stock Performance

NASDAQ:PBK opened at $0.54 on Thursday. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $30.62 million, a price-to-earnings ratio of -2.84 and a beta of 2.32. The firm’s fifty day simple moving average is $0.80 and its 200 day simple moving average is $0.92. PowerBank has a twelve month low of $0.45 and a twelve month high of $2.55.

PowerBank (NASDAQ:PBK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). PowerBank had a negative net margin of 21.31% and a negative return on equity of 32.68%. The company had revenue of ($0.02) million during the quarter, compared to analyst estimates of $5.43 million. As a group, equities research analysts expect that PowerBank will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of PowerBank in the second quarter valued at $28,000. Citadel Advisors LLC purchased a new stake in PowerBank during the 3rd quarter worth $52,000. HRT Financial LP purchased a new stake in PowerBank during the 4th quarter worth $55,000. Virtu Financial LLC acquired a new position in PowerBank in the 4th quarter worth $63,000. Finally, Goldman Sachs Group Inc. lifted 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 worth $178,000 after buying an additional 79,302 shares in 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.