Pioneer Power Solutions (NASDAQ:PPSI) Stock Price Down 4.6% – Time to Sell?

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) shares dropped 4.6% during mid-day trading on Tuesday . The stock traded as low as $3.89 and last traded at $4.12. Approximately 215,630 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 277,836 shares. The stock had previously closed at $4.32.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Pioneer Power Solutions from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Pioneer Power Solutions Stock Down 4.6%

The company has a debt-to-equity ratio of 0.01, a current ratio of 5.23 and a quick ratio of 3.94. The firm’s fifty day moving average is $3.33 and its 200-day moving average is $3.91. The stock has a market capitalization of $45.73 million, a price-to-earnings ratio of -8.96 and a beta of 1.67.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Wednesday, April 8th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.02. Pioneer Power Solutions had a negative net margin of 21.71% and a negative return on equity of 20.22%. The firm had revenue of $5.63 million during the quarter, compared to analyst estimates of $6.00 million. During the same quarter in the previous year, the firm earned ($0.31) earnings per share. On average, sell-side analysts predict that Pioneer Power Solutions, Inc. will post -0.39 earnings per share for the current year.

Institutional Trading of Pioneer Power Solutions

Several institutional investors have recently added to or reduced their stakes in PPSI. Group One Trading LLC increased its stake in Pioneer Power Solutions by 1,860.3% during the third quarter. Group One Trading LLC now owns 11,762 shares of the company’s stock valued at $51,000 after purchasing an additional 11,162 shares during the last quarter. XTX Topco Ltd bought a new stake in Pioneer Power Solutions during the second quarter valued at $55,000. Smith Moore & CO. bought a new stake in Pioneer Power Solutions during the fourth quarter valued at $61,000. Legacy Advisors LLC bought a new stake in Pioneer Power Solutions during the third quarter valued at $69,000. Finally, NewEdge Advisors LLC bought a new stake in Pioneer Power Solutions during the third quarter valued at $94,000. Institutional investors own 10.92% of the company’s stock.

Pioneer Power Solutions Company Profile

Pioneer Power Solutions, Inc (NASDAQ: PPSI) is a specialized provider of electrical power infrastructure services and equipment. Through its subsidiaries, Pioneer Transformer and Pioneer Environmental Services, the company offers engineering, manufacturing, repair, and refurbishment solutions for power transformers, reactors and related substation components. Its product portfolio spans new transformer builds, on-site maintenance, retrofits and upgrades designed to extend equipment life and optimize performance for a broad range of voltage ratings.

In addition to its core transformer and reactor business, Pioneer Power Solutions provides environmental services that focus on the reclamation, recycling and remediation of dielectric fluids, including polychlorinated biphenyls (PCBs) and other regulated materials.