Pioneer Power Solutions Inc. (NASDAQ:PPSI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and 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. “

Pioneer Power Solutions (NASDAQ:PPSI) opened at 5.6896 on Friday. The firm’s market capitalization is $49.49 million. Pioneer Power Solutions has a one year low of $2.78 and a one year high of $6.38. The firm has a 50-day moving average price of $5.47 and a 200 day moving average price of $5.48.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Monday, November 14th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.06. The business earned $29.40 million during the quarter, compared to the consensus estimate of $32 million. Pioneer Power Solutions had a negative net margin of 0.18% and a positive return on equity of 13.35%. Analysts anticipate that Pioneer Power Solutions will post $0.44 EPS for the current fiscal 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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