Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) CEO Constantine Xykis sold 26,005 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $95.85, for a total value of $2,492,579.25. Following the completion of the sale, the chief executive officer owned 7,854 shares in the company, valued at $752,805.90. This trade represents a 76.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Power Solutions International Price Performance
Shares of NASDAQ PSIX traded up $1.44 during mid-day trading on Monday, hitting $87.11. 1,061,689 shares of the stock were exchanged, compared to its average volume of 821,041. The company has a market cap of $2.01 billion, a P/E ratio of 18.11 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.65 and a current ratio of 1.26. Power Solutions International, Inc. has a twelve month low of $15.25 and a twelve month high of $121.78. The stock's fifty day simple moving average is $76.10 and its two-hundred day simple moving average is $47.39.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $2.23 earnings per share for the quarter. The firm had revenue of $191.91 million during the quarter. Power Solutions International had a return on equity of 136.57% and a net margin of 18.56%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in PSIX. Wolff Wiese Magana LLC bought a new stake in Power Solutions International during the 2nd quarter worth about $26,000. California State Teachers Retirement System bought a new position in shares of Power Solutions International in the second quarter worth about $26,000. Vestcor Inc acquired a new position in shares of Power Solutions International during the first quarter worth approximately $29,000. Wells Fargo & Company MN bought a new stake in shares of Power Solutions International during the fourth quarter valued at approximately $33,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Power Solutions International during the second quarter valued at approximately $43,000. 22.28% of the stock is owned by institutional investors.
About Power Solutions International
(
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Power Solutions International, Inc engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial, and transportation end markets.
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