Power Solutions International (NASDAQ:PSIX) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Power Solutions International (PSIX) from a "buy" to a "hold" in a report issued on Saturday.
• Despite the downgrade, the analyst mix remains positive with two Buy ratings and one Hold, a consensus rating of "Moderate Buy" and a consensus target price of $104.26 (Jefferies $110.51, Loop Capital $107).
• Shares opened at $52.15 with a market cap of $1.20 billion and a P/E of 10.54; the stock has traded between $18.10 and $121.78 over the past 12 months, reflecting significant volatility.

Power Solutions International (NASDAQ:PSIX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Several other equities analysts have also recently weighed in on the company. Loop Capital set a $107.00 price target on Power Solutions International in a research report on Wednesday. Weiss Ratings restated a "hold (c+)" rating on shares of Power Solutions International in a research note on Monday, December 29th. Finally, Jefferies Financial Group started coverage on Power Solutions International in a report on Monday, December 1st. They set a "buy" rating and a $110.51 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.26.

Power Solutions International Stock Performance

NASDAQ PSIX opened at $52.15 on Friday. The firm has a market cap of $1.20 billion, a P/E ratio of 10.54 and a beta of 2.04. The company has a quick ratio of 1.19, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. The company's 50 day moving average is $75.86 and its 200-day moving average is $77.81. Power Solutions International has a 12-month low of $18.10 and a 12-month high of $121.78.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PSIX. Federated Hermes Inc. purchased a new stake in Power Solutions International in the third quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake in Power Solutions International by 2,672.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company's stock worth $30,000 after buying an additional 294 shares in the last quarter. California State Teachers Retirement System purchased a new position in Power Solutions International in the 2nd quarter worth approximately $26,000. Ameritas Investment Partners Inc. bought a new position in shares of Power Solutions International in the 2nd quarter worth $43,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Power Solutions International during the 2nd quarter valued at $52,000. 22.28% of the stock is currently owned by institutional investors.

About Power Solutions International

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.

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