Pioneer Power Solutions Inc. (NASDAQ:PPSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

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. The company’s 50 day moving average is $5.55 and its 200 day moving average is $5.41. The stock’s market cap is $51.32 million. Pioneer Power Solutions has a 12 month low of $2.78 and a 12 month high of $6.38.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its earnings results on Thursday, August 11th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The company had revenue of $29.90 million for 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 anticipate that Pioneer Power Solutions will post $0.53 EPS for the current fiscal year.

Pioneer Power Solutions Company Profile

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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