Pioneer Power Solutions (NASDAQ:PPSI) Upgraded to “Sell” at StockNews.com

Pioneer Power Solutions (NASDAQ:PPSI) was upgraded by analysts at StockNews.com to a “sell” rating in a research note issued to investors on Wednesday.

Pioneer Power Solutions Stock Performance

PPSI stock traded up $0.38 during trading on Wednesday, reaching $4.65. 281,190 shares of the stock were exchanged, compared to its average volume of 98,818. Pioneer Power Solutions has a twelve month low of $3.35 and a twelve month high of $7.30. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $50.78 million, a P/E ratio of 25.83 and a beta of 0.68. The stock has a 50 day simple moving average of $4.44 and a 200-day simple moving average of $4.39.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in Pioneer Power Solutions during the first quarter valued at approximately $91,000. Quadrature Capital Ltd acquired a new stake in Pioneer Power Solutions in the 4th quarter valued at $109,000. Dimensional Fund Advisors LP boosted its stake in shares of Pioneer Power Solutions by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock valued at $222,000 after purchasing an additional 8,401 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Pioneer Power Solutions by 138.1% in the 1st quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock worth $460,000 after purchasing an additional 46,680 shares during the last quarter. Institutional investors and hedge funds own 10.92% of the company’s stock.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.