Power Solutions International (NASDAQ:PSIX) Announces Earnings Results

Key Points

• Power Solutions International reported a quarterly earnings per share (EPS) of $2.23 with revenue totaling $191.91 million.
• The company's stock increased by 13.6%, reaching $99.70 with a market capitalization of $2.29 billion.
• An institutional investor, Acadian Asset Management LLC, recently acquired a new stake of 4,469 shares in Power Solutions International, indicating strong interest from hedge funds.

Power Solutions International (NASDAQ:PSIX - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $2.23 EPS for the quarter, Zacks reports. The company had revenue of $191.91 million during the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 174.91%.

Power Solutions International Stock Up 13.6%

NASDAQ:PSIX traded up $11.91 during trading hours on Friday, reaching $99.70. The company's stock had a trading volume of 2,166,410 shares, compared to its average volume of 649,783. The stock has a 50 day moving average price of $70.67 and a two-hundred day moving average price of $45.23. The company has a market capitalization of $2.29 billion, a P/E ratio of 20.73 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.16. Power Solutions International has a 12 month low of $10.20 and a 12 month high of $121.78.

Hedge Funds Weigh In On Power Solutions International

An institutional investor recently bought a new position in Power Solutions International stock. Acadian Asset Management LLC acquired a new stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,469 shares of the company's stock, valued at approximately $112,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

About Power Solutions International

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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