Pioneer Power Solutions (NASDAQ:PPSI) Now Covered by StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Pioneer Power Solutions (NASDAQ:PPSI – Get Rating) in a report issued on Friday. The brokerage set a “sell” rating on the stock.

Pioneer Power Solutions Trading Down 1.1 %

Shares of NASDAQ:PPSI opened at $2.75 on Friday. The stock has a market capitalization of $26.51 million, a PE ratio of -4.37 and a beta of 0.21. Pioneer Power Solutions has a 1 year low of $2.33 and a 1 year high of $6.39. The firm has a fifty day moving average price of $2.87 and a 200 day moving average price of $2.97.

Institutional Investors Weigh In On Pioneer Power Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp acquired a new position in Pioneer Power Solutions during the second quarter valued at approximately $37,000. Virtu Financial LLC bought a new position in Pioneer Power Solutions in the 3rd quarter worth $56,000. Renaissance Technologies LLC acquired a new position in Pioneer Power Solutions during the 2nd quarter worth $66,000. Insight Advisors LLC PA bought a new stake in Pioneer Power Solutions during the second quarter valued at about $108,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Pioneer Power Solutions by 148.8% in the first quarter. Dimensional Fund Advisors LP now owns 36,052 shares of the company’s stock valued at $204,000 after purchasing an additional 21,564 shares during the last quarter. 4.56% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Power Solutions Company Profile

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Pioneer Power Solutions, Inc designs and manufactures electrical equipment. The firm also engages in integration, refurbishment, service and distribution of electric power systems, distributed energy resources, used and new power generation equipment and mobile EV charging solutions for applications in the utility, industrial and commercial markets.