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Power Solutions International (NASDAQ:PSIX) Hits New 52-Week High - Still a Buy?

Power Solutions International logo with Auto/Tires/Trucks background

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $93.50 and last traded at $93.50, with a volume of 9516 shares changing hands. The stock had previously closed at $90.00.

Power Solutions International Stock Down 1.2%

The company has a market capitalization of $2.08 billion, a PE ratio of 25.62 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.67. The company has a 50-day moving average of $58.22 and a two-hundred day moving average of $40.61.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $135.45 million for the quarter. Power Solutions International had a return on equity of 141.76% and a net margin of 15.74%.

Hedge Funds Weigh In On Power Solutions International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wolff Wiese Magana LLC bought a new position in shares of Power Solutions International in the second quarter worth about $26,000. Vestcor Inc bought a new position in shares of Power Solutions International in the first quarter worth about $29,000. Wells Fargo & Company MN bought a new position in shares of Power Solutions International in the fourth quarter worth about $33,000. Heck Capital Advisors LLC bought a new position in shares of Power Solutions International in the fourth quarter worth about $94,000. Finally, Farther Finance Advisors LLC grew its holdings in Power Solutions International by 88.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company's stock valued at $107,000 after buying an additional 773 shares in the last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

About Power Solutions International

(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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