First Wilshire Securities Management Inc. trimmed its position in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 284,610 shares of the company’s stock after selling 6,550 shares during the period. First Wilshire Securities Management Inc. owned about 3.26% of Pioneer Power Solutions worth $1,494,000 as of its most recent filing with the SEC.
Separately, North Star Investment Management Corp. boosted its position in Pioneer Power Solutions by 17.3% in the 4th quarter. North Star Investment Management Corp. now owns 645,149 shares of the company’s stock valued at $3,387,000 after buying an additional 95,126 shares during the last quarter. 25.25% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:PPSI opened at $4.87 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.48 and a current ratio of 0.97. The firm has a market capitalization of $42.52 million, a PE ratio of 6.49 and a beta of 1.39. Pioneer Power Solutions, Inc. has a 12-month low of $4.40 and a 12-month high of $7.95.
A number of research analysts have commented on PPSI shares. ValuEngine lowered Pioneer Power Solutions from a “sell” rating to a “strong sell” rating in a research report on Friday, January 11th. Zacks Investment Research upgraded Pioneer Power Solutions from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Wednesday, January 30th.
Pioneer Power Solutions Profile
Pioneer Power Solutions, Inc, together with its subsidiaries, manufactures, sells, and services specialty electrical transmission, distribution, and on-site power generation equipment in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions.
See Also: Gross Domestic Product (GDP)
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