Power Solutions International (NASDAQ:PSIX) Shares Down 7.7% - Time to Sell?

Key Points

• Shares were down 7.7% intraday to about $55.91 on Friday, with ~549,061 shares traded—roughly 2% above average volume.
• Analysts hold a consensus rating of Moderate Buy with an average price target of $104.26; two firms rate the stock Buy and one rates it Hold, with price targets from Loop Capital and Jefferies near $107–$110.
• Fundamentals show a $1.3B market cap, P/E of 11.37, quick ratio 1.77, current ratio 3.15 and debt/equity 0.54, while the stock trades well below its 50- and 200-day moving averages (~$75–$77) and has a beta of 2.04.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s stock price fell 7.7% during mid-day trading on Friday . The stock traded as low as $55.99 and last traded at $55.9080. 549,061 shares traded hands during trading, an increase of 2% from the average session volume of 538,882 shares. The stock had previously closed at $60.57.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PSIX shares. Loop Capital set a $107.00 price target on Power Solutions International in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Power Solutions International in a research report on Monday, December 29th. Wall Street Zen lowered Power Solutions International from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Finally, Jefferies Financial Group began coverage on Power Solutions International in a research report on Monday, December 1st. They set a "buy" rating and a $110.51 target price for the company. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.26.

Power Solutions International Stock Down 7.2%

The company has a quick ratio of 1.77, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.30 billion, a P/E ratio of 11.37 and a beta of 2.04. The company's 50 day moving average price is $75.56 and its two-hundred day moving average price is $77.03.

Hedge Funds Weigh In On Power Solutions International

Several institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. purchased a new stake in Power Solutions International during the third quarter worth $26,000. California State Teachers Retirement System purchased a new stake in shares of Power Solutions International during the 2nd quarter worth $26,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Power Solutions International by 2,672.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company's stock worth $30,000 after purchasing an additional 294 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Power Solutions International during the second quarter valued at about $43,000. Finally, State of Wyoming bought a new stake in Power Solutions International during the fourth quarter valued at about $49,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Power Solutions International Company Profile

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.

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