Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s stock price traded down 6.4% during mid-day trading on Tuesday . The company traded as low as $80.19 and last traded at $82.22. 321,656 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 384,431 shares. The stock had previously closed at $87.84.
Wall Street Analyst Weigh In
Separately, Craig Hallum reissued a "buy" rating on shares of Power Solutions International in a research report on Tuesday, March 25th.
View Our Latest Report on PSIX
Power Solutions International Stock Down 6.5%
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 company has a market cap of $1.89 billion, a PE ratio of 23.26 and a beta of 1.39. The stock has a 50-day moving average of $55.07 and a 200-day moving average of $39.54.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter. The firm 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%.
Institutional Investors Weigh In On Power Solutions International
Hedge funds have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC bought a new position in Power Solutions International in the 2nd quarter worth $26,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 purchasing an additional 773 shares during the last quarter. Wells Fargo & Company MN bought a new position in shares of Power Solutions International during the 4th quarter valued at about $33,000. Vestcor Inc bought a new position in shares of Power Solutions International during the 1st quarter valued at about $29,000. Finally, Spire Wealth Management boosted its holdings in shares of Power Solutions International by 84.5% during the 1st quarter. Spire Wealth Management now owns 5,984 shares of the company's stock valued at $151,000 after purchasing an additional 2,741 shares during 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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