Pioneer Power Solutions (NASDAQ:PPSI) Stock Price Down 1.8% – Here’s Why

Shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) fell 1.8% during trading on Monday. The stock traded as low as $3.20 and last traded at $3.25. 42,144 shares traded hands during trading, a decline of 63% from the average session volume of 115,248 shares. The stock had previously closed at $3.31.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PPSI shares. HC Wainwright reaffirmed a “buy” rating on shares of Pioneer Power Solutions in a research note on Tuesday, August 18th. Weiss Ratings lowered shares of Pioneer Power Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.00.

Pioneer Power Solutions Stock Performance

The stock has a fifty day moving average of $3.06 and a 200-day moving average of $3.52. The firm has a market capitalization of $34.79 million, a P/E ratio of -5.34 and a beta of 1.78. The company has a quick ratio of 2.92, a current ratio of 4.11 and a debt-to-equity ratio of 0.01.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Friday, August 14th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). Pioneer Power Solutions had a negative net margin of 38.11% and a negative return on equity of 27.64%. The firm had revenue of $5.02 million during the quarter, compared to the consensus estimate of $4.78 million. On average, research analysts anticipate that Pioneer Power Solutions, Inc. will post -0.62 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased 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 last quarter. Group One Trading LLC raised its position in 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 acquiring an additional 7,611 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Pioneer Power Solutions by 85.0% in the first quarter. Renaissance Technologies LLC now owns 64,200 shares of the company’s stock valued at $209,000 after acquiring an additional 29,500 shares during the last quarter. Institutional investors own 10.92% of the company’s stock.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc is an energy infrastructure company that provides electrical power equipment and related services in the United States. Its activities focus on distributed power generation, electrical distribution systems, microgrids and other solutions designed to support reliable and resilient electricity supply.

Through its operating businesses, the company designs, supplies, installs and services power-generation and electrical-infrastructure systems for commercial, industrial, institutional and other customers.