Pioneer Power Solutions (PPSI) Lifted to “Hold” at ValuEngine

Pioneer Power Solutions (NASDAQ:PPSI) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Pioneer Power Solutions from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Friday, March 8th.

Shares of PPSI stock opened at $4.95 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.37. The firm has a market cap of $44.87 million, a P/E ratio of 7.28 and a beta of 1.39. Pioneer Power Solutions has a 12 month low of $4.40 and a 12 month high of $6.05.



Pioneer Power Solutions (NASDAQ:PPSI) last issued its earnings results on Thursday, March 28th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $26.51 million for the quarter, compared to analyst estimates of $29.20 million. Pioneer Power Solutions had a positive return on equity of 42.90% and a negative net margin of 5.63%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC lifted its position in Pioneer Power Solutions by 6.7% in the fourth quarter. Segall Bryant & Hamill LLC now owns 65,350 shares of the company’s stock valued at $343,000 after acquiring an additional 4,090 shares during the last quarter. North Star Investment Management Corp. lifted its position in Pioneer Power Solutions by 5.2% in the first quarter. North Star Investment Management Corp. now owns 678,514 shares of the company’s stock valued at $3,298,000 after acquiring an additional 33,365 shares during the last quarter. Finally, Kennedy Capital Management Inc. lifted its position in Pioneer Power Solutions by 1.7% in the first quarter. Kennedy Capital Management Inc. now owns 701,896 shares of the company’s stock valued at $3,411,000 after acquiring an additional 11,534 shares during the last quarter. 25.63% of the stock is owned by hedge funds and other institutional investors.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc, together with its subsidiaries, manufactures, sells, and services specialty electrical transmission, distribution, and on-site power generation equipment in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions.

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