PowerBank Corporation (NASDAQ:PBK) Receives Consensus Rating of “Hold” from Brokerages

PowerBank Corporation (NASDAQ:PBK) has been given an average recommendation of “Hold” by the five analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company.

A number of brokerages recently weighed in on PBK. Zacks Research upgraded shares of PowerBank to a “hold” rating in a report on Thursday, June 4th. Wall Street Zen lowered shares of PowerBank from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. 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 research note on Wednesday, June 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in PowerBank during the 4th quarter worth $63,000. Jane Street Group LLC acquired a new stake in PowerBank in the 4th quarter valued at about $191,000. HRT Financial LP acquired a new stake in PowerBank in the 4th quarter valued at about $55,000. Goldman Sachs Group Inc. boosted its stake in shares of PowerBank by 416.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock valued at $178,000 after buying an additional 79,302 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of PowerBank in the 3rd quarter valued at about $52,000.

PowerBank Stock Performance

Shares of PowerBank stock opened at $0.45 on Monday. The stock has a market capitalization of $26.37 million, a price-to-earnings ratio of -2.37 and a beta of 2.42. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.41 and a quick ratio of 0.79. The business has a 50-day moving average of $0.64 and a 200 day moving average of $0.78. PowerBank has a 12 month low of $0.42 and a 12 month high of $2.55.

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

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.