Traders Are Bullish Pioneer Power Solutions, Inc. (PPSI) After The Stock Formed Bullish Multiple Top Chart Pattern

May 22, 2018 - By Dolores Ford

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Logo

Investors sentiment increased to 2.33 in Q4 2017. Its up 1.08, from 1.25 in 2017Q3. It improved, as 1 investors sold Pioneer Power Solutions, Inc. shares while 2 reduced holdings. 4 funds opened positions while 3 raised stakes. 1.82 million shares or 4.15% more from 1.75 million shares in 2017Q3 were reported.
New York-based Blackrock has invested 0% in Pioneer Power Solutions, Inc. (NASDAQ:PPSI). Perritt Cap Management stated it has 137,800 shares or 0.29% of all its holdings. Kennedy Mngmt Inc has 0.07% invested in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) for 488,077 shares. First Wilshire stated it has 0.61% of its portfolio in Pioneer Power Solutions, Inc. (NASDAQ:PPSI). Commercial Bank Of America De reported 1 shares. Moreover, Morgan Stanley has 0% invested in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) for 110 shares. Deutsche Savings Bank Ag reported 865 shares. Dimensional Fund Advisors L P invested 0% in Pioneer Power Solutions, Inc. (NASDAQ:PPSI). Thompson Davis, a Virginia-based fund reported 2,000 shares. Macquarie Group Inc Limited has invested 0% of its portfolio in Pioneer Power Solutions, Inc. (NASDAQ:PPSI). Fifth Third National Bank & Trust invested in 1,000 shares. Tower Rech Ltd Llc (Trc) has invested 0% in Pioneer Power Solutions, Inc. (NASDAQ:PPSI). Heartland Advsrs stated it has 350,500 shares. Vanguard stated it has 0% of its portfolio in Pioneer Power Solutions, Inc. (NASDAQ:PPSI). North Star Corporation holds 0.41% or 442,024 shares in its portfolio.

The stock of Pioneer Power Solutions, Inc. (PPSI) shows a multiple tops pattern with $5.83 target or 6.00 % above today’s $5.50 share price. The 6 months chart pattern indicates low risk for the $47.99 million company. It was reported on May, 22 by Finviz.com. If the $5.83 price target is reached, the company will be worth $2.88 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

It closed at $5.5 lastly. It is down 14.81% since May 22, 2017 and is downtrending. It has underperformed by 26.36% the S&P500.

More news for Pioneer Power Solutions, Inc. (NASDAQ:PPSI) were recently published by: Prnewswire.com, which released: “Pioneer to Host First Quarter 2018 Financial Results Conference Call on Monday, May 14, 2018 at 4:30 pm ET” on April 30, 2018. Seekingalpha.com‘s article titled: “Pioneer Power Solutions’ (PPSI) CEO Nathan Mazurek on Q1 2018 Results – Earnings Call Transcript” and published on May 15, 2018 is yet another important article.

Pioneer Power Solutions, Inc. manufactures, sells, and services specialty electrical transmission, distribution, and on-site power generation equipment for applications in the utility, industrial, commercial, and backup power markets primarily in the United States and Canada. The company has market cap of $47.99 million. It operates in two divisions, Transmission & Distribution Solutions and Critical Power Solutions. It currently has negative earnings. The Transmission & Distribution Solutions segment offers liquid-filled and dry-type power, distribution, and specialty electrical transformers used in the control and conditioning of electrical current; and low voltage electric power distribution panel boards, switchboards, and low and medium voltage switchgears.

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Institutional Positions Chart

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