Pioneer Power Solutions (NASDAQ:PPSI) Stock Price Down 4.6% – Time to Sell?

Shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) fell 4.6% on Tuesday . The company traded as low as $3.89 and last traded at $4.12. 215,630 shares changed hands during trading, a decline of 22% from the average session volume of 277,836 shares. The stock had previously closed at $4.32.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Pioneer Power Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.00.

Pioneer Power Solutions Trading Down 4.6%

The stock has a market capitalization of $45.73 million, a price-to-earnings ratio of -8.96 and a beta of 1.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.23 and a quick ratio of 3.94. The business’s 50-day simple moving average is $3.33 and its two-hundred day simple moving average is $3.91.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its earnings results on Wednesday, April 8th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $5.63 million for the quarter, compared to analysts’ expectations of $6.00 million. Pioneer Power Solutions had a negative net margin of 21.71% and a negative return on equity of 20.22%. During the same period in the previous year, the company posted ($0.31) earnings per share. On average, research analysts anticipate that Pioneer Power Solutions, Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pioneer Power Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Pioneer Power Solutions by 7.7% during the 1st 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 period. XTX Topco Ltd purchased a new stake in Pioneer Power Solutions during the 4th quarter worth $65,000. State Street Corp increased its stake in Pioneer Power Solutions by 12.6% during the 4th quarter. State Street Corp now owns 34,028 shares of the company’s stock worth $161,000 after buying an additional 3,800 shares during the period. Renaissance Technologies LLC increased its stake in Pioneer Power Solutions by 40.2% during the 4th quarter. Renaissance Technologies LLC now owns 34,700 shares of the company’s stock worth $164,000 after buying an additional 9,948 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Pioneer Power Solutions by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 112,226 shares of the company’s stock valued at $531,000 after acquiring an additional 3,099 shares in the last quarter. Hedge funds and other institutional investors own 10.92% of the company’s stock.

About Pioneer Power Solutions

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.