Pioneer Power Solutions (NASDAQ:PPSI) Shares Down 1.2%

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) dropped 1.2% during mid-day trading on Thursday . The company traded as low as $4.19 and last traded at $4.25. Approximately 52,007 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 100,196 shares. The stock had previously closed at $4.30.

Pioneer Power Solutions Stock Up 0.9 %

The stock has a market cap of $42.60 million, a price-to-earnings ratio of 23.78 and a beta of 0.69. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average price is $4.42 and its 200-day moving average price is $4.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Pioneer Power Solutions by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock valued at $222,000 after acquiring an additional 8,401 shares during the period. Virtu Financial LLC acquired a new position in shares of Pioneer Power Solutions during the 1st quarter valued at $91,000. GSA Capital Partners LLP lifted its position in shares of Pioneer Power Solutions by 138.1% during the 1st quarter. GSA Capital Partners LLP now owns 80,490 shares of the company’s stock valued at $460,000 after acquiring an additional 46,680 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Pioneer Power Solutions during the 4th quarter valued at $109,000. Finally, Spectrum Investment Advisors Inc. acquired a new position in shares of Pioneer Power Solutions during the 4th quarter valued at $774,000. Institutional investors and hedge funds own 10.92% of the company’s stock.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.