Pioneer Power Solutions, Inc. (NASDAQ:PPSI) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday, August 7th.
Separately, Zacks Investment Research upgraded Pioneer Power Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 19th.
Shares of Pioneer Power Solutions (NASDAQ PPSI) traded down 3.20% during mid-day trading on Monday, hitting $5.90. The stock had a trading volume of 4,730 shares. The firm’s 50 day moving average price is $6.24 and its 200 day moving average price is $6.89. Pioneer Power Solutions has a 1-year low of $4.85 and a 1-year high of $9.40. The company’s market cap is $51.48 million.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. increased its position in Pioneer Power Solutions by 24.1% in the second quarter. Kennedy Capital Management Inc. now owns 399,268 shares of the industrial products company’s stock worth $2,615,000 after buying an additional 77,440 shares during the period. Heartland Advisors Inc. increased its position in Pioneer Power Solutions by 16.8% in the first quarter. Heartland Advisors Inc. now owns 350,500 shares of the industrial products company’s stock worth $2,629,000 after buying an additional 50,500 shares during the period. Renaissance Technologies LLC bought a new position in Pioneer Power Solutions during the first quarter worth about $260,000. Finally, North Star Investment Management Corp. increased its position in Pioneer Power Solutions by 0.8% in the second quarter. North Star Investment Management Corp. now owns 401,175 shares of the industrial products company’s stock worth $2,628,000 after buying an additional 3,200 shares during the period. Institutional investors and hedge funds own 18.86% of the company’s stock.
About Pioneer Power Solutions
Pioneer Power Solutions, Inc manufactures, sells and services a range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).
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