It is trading at $7.55 which is slightly above the 50 day moving average of $7.22 and significantly higher than the 200 day moving average of $6.70. The 50 day moving average went up $0.33 or +4.61% and the 200 day average moved up $0.85. (NASDAQ:PPSI) shares saw light trading volume with 113 shares changing hands on Tuesday. Shares saw a steep decrease in trading volume of 94.81% under the normal average daily volume.
Investors are a little more bearish on Pioneer Power Solutions, Inc. of late if you watch the rise in short interest. The company had a rise in short interest of 1.24% between September 15, 2017 and September 29, 2017. Short interest increased from 99,244 to 100,476 over that period. Days to cover increased 5.0 to 15.0 and the percentage of shorted shares is 0.01% as of September 29.
Here are a few substantial investment firms who have updated their positions. Renaissance Technologies LLC divested its holdings by selling 13,200 shares a decrease of 38.2% from 03/31/2017 to 06/30/2017. Renaissance Technologies LLC owns 21,400 shares with a value of $140,000. The total value of its holdings decreased 46.2%. As of quarter end Blackrock Inc. had disposed of a total of 18,884 shares trimming its holdings by 96.5%. The value of the company’s investment in Pioneer Power Solutions, Inc. went from $147,000 to $4,000 a change of 97.3% quarter over quarter.
As of the end of the quarter Tower Research Capital LLC (trc) had sold 350 shares trimming its position 30.8%. The value of the total investment in Pioneer Power Solutions, Inc. decreased from $9,000 to $5,000 decreasing 44.4% quarter to quarter. North Star Investment Management Corp. bolstered its investment by buying 12,432 shares an increase of 3.1%. North Star Investment Management Corp. now holds 413,607 shares worth $3,177,000. The value of the position overall is up by 20.9%.
In the latest earnings report the EPS was $-0.04 and is expected to be $0.65 for the current year with 8,726,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.20 with next year’s EPS anticipated to be $0.61.
Pioneer Power Solutions, Inc., launched on November 25, 2009, 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). Its T&D Solutions business provides equipment solutions that help customers manage their electrical power distribution systems to desired specifications. The T&D Solutions segment consists of two primary product categories: electrical transformers and switchgear. These solutions are marketed principally through its Pioneer Transformers Ltd., Jefferson Electric, Inc. and Pioneer CEP brand names. Its Critical Power business provides customers with power generation equipment, paralleling switchgear, related electrical distribution infrastructure, and a data collection and monitoring platform. The Critical Power segment consists of two primary product categories and one main service category: engine-generator sets, switchgear and controls, and preventative maintenance and monitoring services. These solutions are marketed by its operations in Minneapolis, doing business under the Pioneer Critical Power Inc. and Titan Energy Systems Inc. (Titan) brand names..