Power Solutions International (NASDAQ:PSIX - Get Free Report) announced its earnings results on Thursday. The company reported $0.83 EPS for the quarter, Zacks reports. The company had revenue of $135.45 million during the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%.
Power Solutions International Stock Up 9.0%
NASDAQ PSIX traded up $2.50 during trading hours on Friday, reaching $30.25. 724,267 shares of the company were exchanged, compared to its average volume of 328,846. Power Solutions International has a 1 year low of $2.53 and a 1 year high of $45.74. The firm has a 50 day simple moving average of $26.39. The company has a market cap of $695.99 million, a PE ratio of 12.82 and a beta of 1.09.
Insider Buying and Selling
In related news, major shareholder Gary S. Winemaster sold 2,000 shares of the firm's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $23.27, for a total transaction of $46,540.00. Following the completion of the sale, the insider now owns 2,944,281 shares in the company, valued at approximately $68,513,418.87. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Separately, Craig Hallum reiterated a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.
Read Our Latest Analysis on Power Solutions International
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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