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Power Solutions International (NASDAQ:PSIX) Shares Down 6.7% - Time to Sell?

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Key Points

  • Shares of Power Solutions International (NASDAQ:PSIX) fell 6.7% to a last traded price of $89.03 after closing at $95.45, with trading volume increasing to 472,711 shares.
  • The company reported a quarterly EPS of $2.23 and revenue of $191.91 million, alongside a net margin of 18.56% and a return on equity of 136.57%.
  • Institutional investors and hedge funds hold 22.28% of Power Solutions International's stock, with notable increases in holdings from firms like OMERS ADMINISTRATION Corp, which raised its stake by 34.1%.
  • Looking to export and analyze Power Solutions International data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) traded down 6.7% during trading on Wednesday . The company traded as low as $86.09 and last traded at $89.03. 472,711 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 424,029 shares. The stock had previously closed at $95.45.

Power Solutions International Stock Performance

The company has a market cap of $2.09 billion, a price-to-earnings ratio of 18.84 and a beta of 1.47. The company has a current ratio of 1.26, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. The stock's fifty day simple moving average is $72.82 and its 200 day simple moving average is $46.02.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $2.23 EPS for the quarter. The company had revenue of $191.91 million during the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 136.57%.

Institutional Trading of Power Solutions International

A number of hedge funds have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp increased its holdings in shares of Power Solutions International by 34.1% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 11,800 shares of the company's stock worth $763,000 after buying an additional 3,000 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Power Solutions International during the 2nd quarter worth approximately $136,000. Russell Investments Group Ltd. acquired a new stake in shares of Power Solutions International during the 2nd quarter worth approximately $913,000. CreativeOne Wealth LLC acquired a new stake in shares of Power Solutions International during the 2nd quarter worth approximately $424,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Power Solutions International during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Power Solutions International Company Profile

(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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