Overall market sentiment has been high on Pioneer Power Solutions, Inc. (PPSI) stock lately. PPSI receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With PPSI Stock Today?
Pioneer Power Solutions, Inc. (PPSI) stock is trading at $2.56 as of 9:44 AM on Friday, Sep 25, an increase of $0.73, or 39.89% from the previous closing price of $1.83. The stock has traded between $1.98 and $2.58 so far today. Volume today is low. So far 632,187 shares have traded compared to average volume of 1,376,716 shares.
To see the top 5 stocks in the Electrical Equipment & Parts industry click here.
More About Pioneer Power Solutions, Inc.
Pioneer Power Solutions Inc manufactures, sells and services a broad range of specialty electrical transmission, distribution, and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. Its principal products and services include custom-engineered electrical transformers, switchgear and engine-generator sets and controls, complemented by a national field-service network to maintain and repair power generation assets. Pioneer Power works in two reportable segments: Transmission and Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power). Pioneer generates most of its revenue from the United States of America.
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