PowerBank Corporation (NASDAQ:PBK) Given Consensus Recommendation of “Hold” by Analysts

Shares of PowerBank Corporation (NASDAQ:PBK) have been assigned an average rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company.

Several brokerages have issued reports on PBK. HC Wainwright reissued a “buy” rating on shares of PowerBank in a report on Wednesday, June 3rd. Wall Street Zen cut shares of PowerBank from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Citigroup reaffirmed a “buy” rating on shares of PowerBank in a report on Wednesday, May 20th. Finally, Zacks Research upgraded shares of PowerBank to a “hold” rating in a research report on Thursday, June 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in PowerBank during the second quarter valued at approximately $28,000. HRT Financial LP acquired a new stake in PowerBank in the 4th quarter valued at $55,000. Citadel Advisors LLC bought a new stake in PowerBank in the third quarter valued at $52,000. Virtu Financial LLC bought a new stake in PowerBank in the fourth quarter valued at $63,000. Finally, Goldman Sachs Group Inc. raised 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 in the last quarter.

PowerBank Stock Performance

PowerBank stock opened at $0.47 on Monday. The business has a 50 day moving average price of $0.60 and a two-hundred day moving average price of $0.74. 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 12 month low of $0.42 and a 12 month high of $2.55. The stock has a market cap of $27.69 million, a price-to-earnings ratio of -2.47 and a beta of 2.42.

PowerBank (NASDAQ:PBK) last announced its quarterly earnings data 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). The firm had revenue of ($0.02) million for the quarter, compared to analyst estimates of $5.43 million. PowerBank had a negative return on equity of 32.68% and a negative net margin of 21.31%. As a group, equities 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.