Zacks Investment Research upgraded shares of Pioneer Pwr Sol Cmn (OTCMKTS:PPSI) from a sell rating to a hold rating in a report published on Wednesday morning.
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. “
Pioneer Pwr Sol Cmn (OTCMKTS:PPSI) traded down $0.15 during mid-day trading on Wednesday, hitting $7.60. 1,621 shares of the company traded hands, compared to its average volume of 11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.46 and a current ratio of 1.10. The company has a market capitalization of $41.35, a PE ratio of 12.26 and a beta of -856.96. Pioneer Pwr Sol Cmn has a one year low of $5.51 and a one year high of $7.00.
Pioneer Pwr Sol Cmn (OTCMKTS:PPSI) last posted its quarterly earnings data on Thursday, November 9th. The industrial products company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Pioneer Pwr Sol Cmn had a negative net margin of 0.84% and a positive return on equity of 24.81%. equities analysts anticipate that Pioneer Pwr Sol Cmn will post 0.88 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Pioneer Pwr Sol Cmn stock. North Star Investment Management Corp. lifted its position in Pioneer Pwr Sol Cmn (OTCMKTS:PPSI) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 442,024 shares of the industrial products company’s stock after purchasing an additional 28,417 shares during the period. North Star Investment Management Corp. owned about 5.06% of Pioneer Pwr Sol Cmn worth $3,365,000 as of its most recent SEC filing. 19.65% of the stock is currently owned by hedge funds and other institutional investors.
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About Pioneer Pwr Sol Cmn
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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