Trading was heavy with 17K shares changing hands by the end of trading on Tuesday. Trading volume was up 155.90% over the stocks average daily volume.
Short traders are feeling a little more bullish on the company as evidenced by the motion in short interest. The firm recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -1.33%. Short shares decreased from 100,476 to 99,143 over that period. The short-interest ratio increased to 22.0 and the percentage of shorted shares is 0.01% as of October 13.
Here are a few substantial investment firms who have updated their positions. Renaissance Technologies LLC divested its investment by selling 13,200 shares a decrease of 38.2% in the quarter. Renaissance Technologies LLC claims 21,400 shares worth $140,000. The value of the position overall is down by 46.2%. Blackrock Inc. cut its ownership by shedding 18,884 shares a decrease of 96.5% as of 06/30/2017. Blackrock Inc. controls 679 shares with a value of $4,000. The total value of its holdings decreased 97.3%.
Tower Research Capital LLC (trc) reduced its stake by selling 350 shares a decrease of 30.8%. Tower Research Capital LLC (trc) currently owns 785 shares valued at $5,000. The total value of its holdings decreased 44.4%. North Star Investment Management Corp. expanded its holdings by buying 12,432 shares an increase of 3.1% from 06/30/2017 to 09/30/2017. North Star Investment Management Corp. now controls 413,607 shares worth $3,177,000. The value of the position overall is up by 20.9%.
August 15 investment analysts at Roth Capital maintained a stock rating of “Buy” targeting a price of $8.00.
The company is now unchanged from yesterday’s close of 7.25. The P/E ratio is N/A and the market value is 63.70M. In the latest earnings report the EPS was $-0.16 with 8.73M shares now outstanding.
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..