Power Solutions International (NASDAQ:PSIX) Hits New 12-Month High - Should You Buy?

Key Points

• Power Solutions International (NASDAQ:PSIX) reached a new 52-week high of $111.00, reflecting a significant increase from its previous closing price of $87.79.
• The company reported $2.23 earnings per share with revenue of $191.91 million for its latest quarter, indicating a strong return on equity of 141.76%.
• Institutional investors hold 22.28% of the stock, with notable recent investments from Portolan Capital Management and S Squared Technology.

Shares of Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $111.00 and last traded at $111.00, with a volume of 82228 shares trading hands. The stock had previously closed at $87.79.

Power Solutions International Trading Up 13.6%

The company has a 50 day moving average of $70.67 and a 200 day moving average of $45.26. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 20.73 and a beta of 1.47.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $2.23 EPS for the quarter. Power Solutions International had a return on equity of 174.91% and a net margin of 18.56%. The business had revenue of $191.91 million for the quarter.

Hedge Funds Weigh In On Power Solutions International

Institutional investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC bought a new position in Power Solutions International in the 2nd quarter valued at $26,000. Vestcor Inc bought a new position in Power Solutions International in the 1st quarter valued at $29,000. Wells Fargo & Company MN bought a new position in Power Solutions International in the 4th quarter valued at $33,000. MeadowBrook Investment Advisors LLC bought a new position in Power Solutions International in the 2nd quarter valued at $53,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in Power Solutions International in the 2nd quarter valued at $92,000. Institutional investors own 22.28% of the company's stock.

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.