Zacks Investment Research upgraded shares of Pioneer Power Solutions Inc. (NASDAQ:PPSI) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

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. “

Pioneer Power Solutions (NASDAQ:PPSI) opened at 5.90 on Friday. Pioneer Power Solutions has a 1-year low of $2.78 and a 1-year high of $6.38. The stock’s 50 day moving average price is $5.55 and its 200-day moving average price is $5.41. The company’s market cap is $51.32 million.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.03. The company earned $29.90 million during the quarter, compared to analysts’ expectations of $28 million. Pioneer Power Solutions had a negative net margin of 3.79% and a positive return on equity of 11.05%. On average, analysts forecast that Pioneer Power Solutions will post $0.53 earnings per share for the current year.

About Pioneer Power Solutions

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).

5 Day Chart for NASDAQ:PPSI

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