PowerBank Corporation (NASDAQ:PBK) Receives Average Recommendation of “Hold” from Brokerages

Shares of PowerBank Corporation (NASDAQ:PBK) have earned a consensus recommendation of “Hold” from the five analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company.

A number of research firms have recently commented on PBK. Citigroup reaffirmed a “buy” rating on shares of PowerBank in a research note on Wednesday, May 20th. Wall Street Zen cut shares of PowerBank from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. Zacks Research upgraded shares of PowerBank to a “hold” rating in a report on Thursday, June 4th. HC Wainwright reaffirmed a “buy” rating on shares of PowerBank in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PowerBank in a research note on Wednesday, April 8th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PBK. Jane Street Group LLC acquired a new position in PowerBank in the second quarter valued at $28,000. Citadel Advisors LLC purchased a new stake in PowerBank during the third quarter valued at about $52,000. Goldman Sachs Group Inc. increased its stake in PowerBank by 416.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock worth $178,000 after acquiring an additional 79,302 shares during the last quarter. HRT Financial LP acquired a new stake in PowerBank during the 4th quarter worth approximately $55,000. Finally, Virtu Financial LLC acquired a new stake in PowerBank during the 4th quarter worth approximately $63,000.

PowerBank Price Performance

Shares of NASDAQ:PBK opened at $0.54 on Thursday. The company has a market cap of $30.62 million, a P/E ratio of -2.84 and a beta of 2.32. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 2.24. PowerBank has a 52 week low of $0.45 and a 52 week high of $2.55. The business has a fifty day simple moving average of $0.80 and a 200-day simple moving average of $0.92.

PowerBank (NASDAQ:PBK) last released its earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.07). PowerBank had a negative return on equity of 32.68% and a negative net margin of 21.31%.The business had revenue of ($0.02) million for the quarter, compared to analysts’ expectations of $5.43 million. Equities research analysts forecast that PowerBank will post -0.23 EPS for the current year.

PowerBank Company Profile

PowerBank Corporation, formerly known as SolarBank Corporation, operates as an independent renewable and clean energy project developer and asset operator in Canada and the United States. The company engages in the site origination, development, financing, engineering, procurement, construction, operation, maintenance, and asset management of solar photovoltaic power generation projects. It offers solar energy solutions in the areas of behind-the-meter solar power plants, electricity grid connected community solar gardens, and utility scale solar farms.