BidaskClub upgraded shares of Powell Industries, Inc. (NASDAQ:POWL) from a strong sell rating to a sell rating in a research note released on Tuesday.

Shares of Powell Industries (NASDAQ POWL) traded down 0.64% during mid-day trading on Tuesday, hitting $32.80. The company had a trading volume of 16,024 shares. The firm has a market capitalization of $374.84 million, a price-to-earnings ratio of 40.49 and a beta of 0.83. Powell Industries has a 52-week low of $30.49 and a 52-week high of $47.24. The firm has a 50-day moving average price of $32.67 and a 200 day moving average price of $34.09.

Powell Industries (NASDAQ:POWL) last posted its earnings results on Tuesday, May 2nd. The industrial products company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.16. Powell Industries had a net margin of 1.94% and a return on equity of 3.31%. The firm had revenue of $104.68 million during the quarter. Analysts expect that Powell Industries will post ($0.26) earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of POWL. Russell Investments Group Ltd. bought a new stake in Powell Industries during the fourth quarter valued at $894,000. Comerica Bank increased its stake in Powell Industries by 4.6% in the fourth quarter. Comerica Bank now owns 9,138 shares of the industrial products company’s stock valued at $366,000 after buying an additional 404 shares during the period. State Street Corp increased its stake in Powell Industries by 7.8% in the fourth quarter. State Street Corp now owns 193,553 shares of the industrial products company’s stock valued at $7,552,000 after buying an additional 14,051 shares during the period. Dimensional Fund Advisors LP increased its stake in Powell Industries by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 682,274 shares of the industrial products company’s stock valued at $26,609,000 after buying an additional 53,239 shares during the period. Finally, AQR Capital Management LLC increased its stake in Powell Industries by 30.9% in the fourth quarter. AQR Capital Management LLC now owns 38,281 shares of the industrial products company’s stock valued at $1,493,000 after buying an additional 9,039 shares during the period. Hedge funds and other institutional investors own 64.09% of the company’s stock.

About Powell Industries

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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