Power Solutions International (NASDAQ:PSIX - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.83 earnings per share for the quarter, Zacks reports. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%. The firm had revenue of $135.45 million for the quarter.
Power Solutions International Price Performance
Power Solutions International stock traded down $0.56 during mid-day trading on Wednesday, hitting $34.50. The stock had a trading volume of 252,060 shares, compared to its average volume of 332,918. The firm's 50-day moving average is $26.62. The firm has a market cap of $793.78 million, a PE ratio of 14.62 and a beta of 1.09. Power Solutions International has a 12 month low of $3.72 and a 12 month high of $45.74.
Insiders Place Their Bets
In other news, major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International stock in a transaction that occurred on 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 $68,513,418.87. The trade was a 0.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Craig Hallum reaffirmed a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.
Check Out Our Latest Analysis on PSIX
Power Solutions International Company Profile
(
Get Free Report)
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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