Pioneer Power Solutions, Inc. (NASDAQ:PPSI – Get Rating) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 91,900 shares, a growth of 24.7% from the May 15th total of 73,700 shares. Based on an average daily volume of 545,300 shares, the short-interest ratio is currently 0.2 days. Approximately 3.4% of the company’s stock are short sold.
Shares of NASDAQ:PPSI opened at $3.26 on Friday. The company has a market capitalization of $31.44 million, a PE ratio of -8.73 and a beta of -0.24. Pioneer Power Solutions has a 12-month low of $2.77 and a 12-month high of $14.43. The business’s fifty day simple moving average is $4.18 and its 200-day simple moving average is $5.92.
Pioneer Power Solutions (NASDAQ:PPSI – Get Rating) last posted its earnings results on Thursday, March 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.10). The company had revenue of $3.50 million during the quarter, compared to analysts’ expectations of $5.97 million. Pioneer Power Solutions had a negative net margin of 15.86% and a negative return on equity of 20.95%. Sell-side analysts forecast that Pioneer Power Solutions will post -0.23 EPS for the current fiscal year.
Separately, StockNews.com upgraded shares of Pioneer Power Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th.
About Pioneer Power Solutions (Get Rating)
Pioneer Power Solutions, Inc, together with its subsidiaries, designs, manufactures, sells, and services electric power systems, distributed energy resources, used and new power generation equipment, and mobile EV charging solutions in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions.
- Get a free copy of the StockNews.com research report on Pioneer Power Solutions (PPSI)
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