Power Solutions International (NASDAQ:PSIX) Shares Down 4.7% - Time to Sell?

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s stock price was down 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 mid-day trading, a decline of 44% from the average daily volume of 336,151 shares. The stock had previously closed at $68.01.

Analysts Set New Price Targets

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

Power Solutions International Stock Performance

The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 18.78 and a beta of 1.26. 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 business's fifty day moving average is $39.80.

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

Insiders Place Their Bets

In other 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 value of $46,540.00. Following the sale, the insider now directly owns 2,944,281 shares in the company, valued at approximately $68,513,418.87. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.96% of the company's stock.

Institutional Trading of Power Solutions International

Several hedge funds and other institutional investors have recently bought and sold shares of PSIX. Portolan Capital Management LLC acquired a new position in Power Solutions International in the 4th quarter valued at $10,153,000. S Squared Technology LLC acquired a new stake in shares of Power Solutions International during the fourth quarter valued at about $8,718,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Power Solutions International during the fourth quarter worth $2,168,000. Marshall Wace LLP acquired a new stake in Power Solutions International during the 4th quarter worth approximately $2,130,000. Finally, Independent Advisor Alliance acquired a new position in Power Solutions International during the 1st quarter worth approximately $1,086,000. 22.28% of the stock is owned by institutional investors and hedge funds.

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.

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