ValuEngine cut shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) from a strong-buy rating to a buy rating in a research report released on Saturday, June 3rd.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Pioneer Power Solutions from a sell rating to a hold rating in a report on Friday, May 19th. Roth Capital set a $8.00 price target on Pioneer Power Solutions and gave the company a buy rating in a report on Tuesday, March 14th.

Pioneer Power Solutions (PPSI) remained flat at $6.50 on Friday. The company’s stock had a trading volume of 12,678 shares. Pioneer Power Solutions has a 12 month low of $4.85 and a 12 month high of $9.40. The firm has a 50 day moving average price of $6.71 and a 200-day moving average price of $6.94. The stock’s market capitalization is $56.63 million.

Pioneer Power Solutions (NASDAQ:PPSI) last issued its earnings results on Thursday, May 11th. The industrial products company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. Pioneer Power Solutions had a positive return on equity of 17.48% and a negative net margin of 0.87%. The company had revenue of $27.26 million during the quarter, compared to the consensus estimate of $29 million. On average, analysts anticipate that Pioneer Power Solutions will post $0.60 EPS for the current year.

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Several hedge funds have recently made changes to their positions in PPSI. Renaissance Technologies LLC bought a new stake in shares of Pioneer Power Solutions during the first quarter worth $260,000. Vanguard Group Inc. boosted its stake in Pioneer Power Solutions by 76.0% in the first quarter. Vanguard Group Inc. now owns 48,128 shares of the industrial products company’s stock valued at $359,000 after buying an additional 20,789 shares in the last quarter. Kennedy Capital Management Inc. boosted its stake in Pioneer Power Solutions by 14.6% in the first quarter. Kennedy Capital Management Inc. now owns 321,828 shares of the industrial products company’s stock valued at $2,414,000 after buying an additional 41,069 shares in the last quarter. Finally, Heartland Advisors Inc. boosted its stake in Pioneer Power Solutions by 16.8% in the first quarter. Heartland Advisors Inc. now owns 350,500 shares of the industrial products company’s stock valued at $2,629,000 after buying an additional 50,500 shares in the last quarter. Institutional investors and hedge funds own 18.83% of the company’s stock.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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