Power Solutions International (NASDAQ:PSIX) Shares Down 5.2% - Here's What Happened

Key Points

• Power Solutions International (NASDAQ:PSIX) shares fell by 5.2% during mid-day trading, with the stock last trading at $85.83, down from a previous close of $90.52.
• The company reported $0.83 earnings per share for the last quarter, with a significant return on equity of 141.76% and a net margin of 15.74%.
• Institutional investors have been active, with notable positions acquired during recent quarters, leading to institutional ownership of 22.28% of the company's stock.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) shares fell 5.2% during trading on Monday . The stock traded as low as $83.60 and last traded at $85.83. 228,577 shares were traded during trading, a decline of 42% from the average session volume of 393,407 shares. The stock had previously closed at $90.52.

Power Solutions International Price Performance

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 has a market capitalization of $2.07 billion, a PE ratio of 25.45 and a beta of 1.39. The company has a 50-day moving average of $64.59 and a 200 day moving average of $42.93.

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

Institutional Trading of Power Solutions International

Several large investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC acquired a new position in Power Solutions International during the fourth quarter worth $2,168,000. Thoroughbred Financial Services LLC acquired a new position in Power Solutions International during the fourth quarter worth $310,000. Wells Fargo & Company MN acquired a new position in Power Solutions International during the fourth quarter worth $33,000. Portolan Capital Management LLC acquired a new position in Power Solutions International during the fourth quarter worth $10,153,000. Finally, Marshall Wace LLP acquired a new position in Power Solutions International during the fourth quarter worth $2,130,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

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.