Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
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. “
Separately, ValuEngine downgraded shares of Pioneer Power Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 3rd.
Pioneer Power Solutions (NASDAQ PPSI) opened at 6.25 on Tuesday. Pioneer Power Solutions has a 52-week low of $4.85 and a 52-week high of $9.40. The stock’s 50 day moving average is $6.51 and its 200-day moving average is $7.05. The stock’s market capitalization is $54.45 million.
Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings data on Thursday, May 11th. The industrial products company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The firm had revenue of $27.26 million for the quarter, compared to the consensus estimate of $29 million. Pioneer Power Solutions had a negative net margin of 0.87% and a positive return on equity of 17.48%. Equities research analysts anticipate that Pioneer Power Solutions will post $0.60 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the stock. North Star Investment Management Corp. boosted its position in Pioneer Power Solutions by 0.8% in the second quarter. North Star Investment Management Corp. now owns 401,175 shares of the industrial products company’s stock valued at $2,628,000 after buying an additional 3,200 shares during the last quarter. Renaissance Technologies LLC bought a new position in Pioneer Power Solutions during the first quarter valued at $260,000. Kennedy Capital Management Inc. boosted its position 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 during the last quarter. Finally, Heartland Advisors Inc. boosted its position 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 during the last quarter. 18.83% of the stock is owned by institutional investors.
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).
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