PowerBank (NASDAQ:PBK) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of PowerBank (NASDAQ:PBK) to a hold rating in a report released on Thursday morning,Zacks.com reports.

A number of other brokerages have also recently commented on PBK. Citigroup restated a “buy” rating on shares of PowerBank in a research report on Wednesday, May 20th. Freedom Capital cut PowerBank from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. HC Wainwright restated a “buy” rating on shares of PowerBank in a research report on Wednesday. Weiss Ratings restated a “sell (e+)” rating on shares of PowerBank in a research report on Wednesday, April 8th. Finally, Wall Street Zen cut PowerBank from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.00.

PowerBank Stock Down 11.4%

PBK stock opened at $0.92 on Thursday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.41 and a quick ratio of 0.79. PowerBank has a fifty-two week low of $0.45 and a fifty-two week high of $2.55. The stock has a market capitalization of $43.58 million, a price-to-earnings ratio of -4.85 and a beta of 2.23. The business’s fifty day moving average price is $0.72 and its two-hundred day moving average price is $1.14.

PowerBank (NASDAQ:PBK) last issued its quarterly earnings results on Thursday, May 21st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). PowerBank had a negative return on equity of 32.68% and a negative net margin of 21.31%.The company had revenue of ($0.03) million during the quarter, compared to the consensus estimate of $5.43 million. On average, equities analysts anticipate that PowerBank will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in PowerBank in the second quarter valued at about $28,000. Citadel Advisors LLC bought a new position in PowerBank in the third quarter valued at about $52,000. HRT Financial LP bought a new position in PowerBank in the fourth quarter valued at about $55,000. Virtu Financial LLC bought a new position in PowerBank in the fourth quarter valued at about $63,000. Finally, Goldman Sachs Group Inc. grew its position in PowerBank by 416.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock valued at $178,000 after acquiring an additional 79,302 shares during the last quarter.

PowerBank Company Profile

PowerBank Corporation, formerly known as SolarBank Corporation, operates as an independent renewable and clean energy project developer and asset operator in Canada and the United States. The company engages in the site origination, development, financing, engineering, procurement, construction, operation, maintenance, and asset management of solar photovoltaic power generation projects. It offers solar energy solutions in the areas of behind-the-meter solar power plants, electricity grid connected community solar gardens, and utility scale solar farms.