Power Solutions International (NASDAQ:PSIX) Shares Down 4.7% - What's Next?

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) dropped 4.7% on Friday . The stock traded as low as $64.64 and last traded at $64.84. Approximately 187,818 shares changed hands during trading, a decline of 44% from the average daily volume of 336,151 shares. The stock had previously closed at $68.01.

Analyst Upgrades and Downgrades

Separately, Craig Hallum reaffirmed a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.

Power Solutions International Stock Down 3.1%

The company has a quick ratio of 0.67, a current ratio of 1.16 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average price is $40.65. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 20.04 and a beta of 1.26.

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

Insider Activity at Power Solutions International

In related news, major shareholder Gary S. Winemaster sold 2,000 shares of the business's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $23.27, for a total transaction of $46,540.00. Following the sale, the insider owned 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 legal filing with the SEC, which is available at this hyperlink. Insiders own 0.96% of the company's stock.

Hedge Funds Weigh In On Power Solutions International

Institutional investors and hedge funds have recently bought and sold shares of the company. Vestcor Inc bought a new stake in shares of Power Solutions International during the first quarter worth about $29,000. Wells Fargo & Company MN acquired a new stake in Power Solutions International during the 4th quarter worth approximately $33,000. Heck Capital Advisors LLC acquired a new stake in Power Solutions International during the 4th quarter worth approximately $94,000. Acadian Asset Management LLC bought a new stake in Power Solutions International during the 1st quarter worth approximately $112,000. Finally, Spire Wealth Management increased its position in Power Solutions International by 84.5% in the 1st quarter. Spire Wealth Management now owns 5,984 shares of the company's stock valued at $151,000 after acquiring an additional 2,741 shares during the period. Institutional investors and hedge funds own 22.28% of the company's stock.

Power Solutions International Company Profile

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.