Zacks Investment Research lowered shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) from a hold rating to a sell rating in a research note released on Wednesday.
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. “
A number of other equities analysts have also recently issued reports on PPSI. Roth Capital reiterated a buy rating and set a $8.00 target price on shares of Pioneer Power Solutions in a report on Tuesday. ValuEngine cut Pioneer Power Solutions from a strong-buy rating to a buy rating in a report on Monday, August 7th.
Shares of Pioneer Power Solutions (NASDAQ PPSI) traded down 3.20% on Wednesday, hitting $5.90. The stock had a trading volume of 4,730 shares. Pioneer Power Solutions has a one year low of $4.85 and a one year high of $9.40. The company’s market capitalization is $51.48 million. The firm has a 50 day moving average price of $6.24 and a 200 day moving average price of $6.89.
Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings data on Thursday, August 10th. The industrial products company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.07. The business had revenue of $30.90 million for the quarter, compared to the consensus estimate of $29.30 million. Pioneer Power Solutions had a return on equity of 21.37% and a net margin of 0.09%. On average, equities research analysts predict that Pioneer Power Solutions will post $0.65 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This report was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://stocknewstimes.com/2017/08/19/pioneer-power-solutions-inc-ppsi-cut-to-sell-at-zacks-investment-research.html.
A number of institutional investors have recently added to or reduced their stakes in the company. 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 worth $2,629,000 after buying an additional 50,500 shares during the period. Kennedy Capital Management Inc. boosted its position in shares of 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. Renaissance Technologies LLC bought a new position in shares of Pioneer Power Solutions during the first quarter valued at $260,000. Finally, North Star Investment Management Corp. boosted its position in shares of 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. Hedge funds and other institutional investors own 18.86% of the company’s stock.
About Pioneer Power Solutions
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).
Get a free copy of the Zacks research report on Pioneer Power Solutions (PPSI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pioneer Power Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Power Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
