Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Announces Dividend Increase – $1.50 Per Share

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) announced a dividend on Thursday, November 14th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 17th will be paid a dividend of 1.50 per share on Tuesday, January 7th. The ex-dividend date is Tuesday, December 17th. This is a boost from Pioneer Power Solutions’s previous dividend of $0.12.

Pioneer Power Solutions Stock Up 0.2 %

Pioneer Power Solutions stock opened at $5.81 on Friday. Pioneer Power Solutions has a twelve month low of $3.35 and a twelve month high of $7.30. The stock’s fifty day simple moving average is $6.03 and its 200-day simple moving average is $4.94. The company has a current ratio of 1.41, a quick ratio of 0.69 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $63.97 million, a P/E ratio of -8.54 and a beta of 0.68.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its quarterly earnings data on Tuesday, October 8th. The company reported ($0.21) earnings per share for the quarter. Pioneer Power Solutions had a negative return on equity of 45.67% and a negative net margin of 20.91%. The company had revenue of $6.34 million for the quarter. As a group, equities analysts expect that Pioneer Power Solutions will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PPSI shares. StockNews.com raised Pioneer Power Solutions to a “sell” rating in a research report on Saturday, November 2nd. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price objective on shares of Pioneer Power Solutions in a research report on Thursday, October 31st.

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.