Powell Industries, Inc. (NASDAQ:POWL) shares reached a new 52-week low on Wednesday . The company traded as low as $29.66 and last traded at $29.63, with a volume of 43,307 shares trading hands. The stock had previously closed at $30.63.

Separately, BidaskClub upgraded shares of Powell Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th.

The firm’s 50-day moving average price is $32.48 and its 200-day moving average price is $33.42. The stock has a market cap of $331.75 million, a price-to-earnings ratio of 284.61 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.22. Powell Industries had a return on equity of 0.71% and a net margin of 0.27%. The company had revenue of $85.90 million for the quarter, compared to analysts’ expectations of $104.45 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm’s revenue was down 35.5% on a year-over-year basis. On average, equities analysts expect that Powell Industries, Inc. will post ($0.46) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, August 21st. Powell Industries’s payout ratio is 1,040.10%.

Hedge funds have recently modified their holdings of the company. Texas Permanent School Fund increased its stake in shares of Powell Industries by 1.0% in the second quarter. Texas Permanent School Fund now owns 6,258 shares of the industrial products company’s stock worth $200,000 after buying an additional 61 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Powell Industries during the second quarter worth about $205,000. Wells Fargo & Company MN increased its stake in shares of Powell Industries by 2.3% in the second quarter. Wells Fargo & Company MN now owns 6,736 shares of the industrial products company’s stock worth $216,000 after buying an additional 150 shares during the last quarter. US Bancorp DE increased its stake in shares of Powell Industries by 0.3% in the first quarter. US Bancorp DE now owns 8,067 shares of the industrial products company’s stock worth $278,000 after buying an additional 28 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Powell Industries by 7.9% in the second quarter. Bessemer Group Inc. now owns 8,200 shares of the industrial products company’s stock worth $262,000 after buying an additional 600 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

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Powell Industries Company Profile

Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.

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