Pioneer Pwr Sol Cmn (OTCMKTS:PPSI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “Pioneer Power Solutions, Inc. is specialty manufacturer of electrical transmission and distribution equipment. The company provide solutions in the utility, industrial and commercial segments of the electrical transmission and distribution industry. It operates primarily in the U.S., Canada and Mexico. Pioneer Power Solutions, Inc. is headquartered in Fort Lee, New Jersey. “
Separately, Roth Capital set a $8.00 price target on Pioneer Pwr Sol Cmn and gave the stock a “buy” rating in a report on Monday.
Pioneer Pwr Sol Cmn (OTCMKTS:PPSI) last posted its quarterly earnings results on Wednesday, March 28th. The industrial products company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.16). Pioneer Pwr Sol Cmn had a positive return on equity of 24.81% and a negative net margin of 0.84%. The company had revenue of $23.56 million during the quarter, compared to the consensus estimate of $33.60 million. analysts expect that Pioneer Pwr Sol Cmn will post 0.88 EPS for the current fiscal year.
A hedge fund recently raised its position in Pioneer Pwr Sol Cmn stock. North Star Investment Management Corp. raised its position in shares of Pioneer Pwr Sol Cmn (OTCMKTS:PPSI) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 442,024 shares of the industrial products company’s stock after purchasing an additional 28,417 shares during the period. North Star Investment Management Corp. owned approximately 5.06% of Pioneer Pwr Sol Cmn worth $3,365,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 19.65% of the company’s stock.
About Pioneer Pwr Sol Cmn
Pioneer Power Solutions, Inc manufactures, sells and services a range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).
Receive News & Ratings for Pioneer Pwr Sol Cmn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Pwr Sol Cmn and related companies with MarketBeat.com's FREE daily email newsletter.