Pioneer Power Solutions (NASDAQ:PPSI) Stock Price Down 3.9% – Time to Sell?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI)’s stock price traded down 3.9% during mid-day trading on Monday . The stock traded as low as $4.30 and last traded at $4.41. Approximately 126,732 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 216,970 shares. The stock had previously closed at $4.59.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings cut Pioneer Power Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Wall Street Zen cut shares of Pioneer Power Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pioneer Power Solutions presently has an average rating of “Hold” and a consensus price target of $7.00.

Pioneer Power Solutions Trading Down 3.9%

The stock has a 50 day moving average of $4.07 and a 200-day moving average of $4.04. The company has a current ratio of 4.68, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $48.95 million, a P/E ratio of -8.82 and a beta of 1.76.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Monday, May 18th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). Pioneer Power Solutions had a negative net margin of 30.13% and a negative return on equity of 22.96%. The firm had revenue of $4.27 million for the quarter, compared to analysts’ expectations of $4.70 million. On average, research analysts predict that Pioneer Power Solutions, Inc. will post -0.48 EPS for the current year.

Institutional Investors Weigh In On Pioneer Power Solutions

A number of hedge funds have recently made changes to their positions in PPSI. Group One Trading LLC boosted its position in shares of Pioneer Power Solutions by 577.9% during the 1st quarter. Group One Trading LLC now owns 8,928 shares of the company’s stock valued at $29,000 after acquiring an additional 7,611 shares during the last quarter. XTX Topco Ltd bought a new stake in Pioneer Power Solutions in the second quarter worth $55,000. Smith Moore & CO. bought a new stake in Pioneer Power Solutions in the fourth quarter worth $61,000. Legacy Advisors LLC bought a new position in Pioneer Power Solutions during the third quarter valued at $69,000. Finally, NewEdge Advisors LLC bought a new position in Pioneer Power Solutions during the third quarter valued at $94,000. 10.92% of the stock is currently owned by hedge funds and other institutional investors.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.