Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $49.99, but opened at $48.54. Power Solutions International shares last traded at $49.76, with a volume of 44,373 shares.
Wall Street Analysts Forecast Growth
Separately, Craig Hallum restated a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.
Get Our Latest Stock Report on Power Solutions International
Power Solutions International Stock Up 3.1%
The stock's 50-day moving average is $32.49. The company has a market cap of $1.19 billion, a P/E ratio of 21.83 and a beta of 1.26.
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. The company had revenue of $135.45 million during the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%.
Insider Activity at Power Solutions International
In other news, major shareholder Gary S. Winemaster sold 2,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the completion of the sale, the insider now directly owns 2,944,281 shares in the company, valued at $68,513,418.87. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by company insiders.
Institutional Trading of Power Solutions International
A number of institutional investors and hedge funds have recently made changes to their positions in PSIX. Thompson Davis & CO. Inc. purchased a new stake in shares of Power Solutions International in the fourth quarter valued at approximately $251,000. World Equity Group Inc. purchased a new stake in shares of Power Solutions International in the fourth quarter valued at approximately $529,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Power Solutions International in the fourth quarter valued at approximately $2,168,000. Perritt Capital Management Inc purchased a new stake in shares of Power Solutions International in the fourth quarter valued at approximately $446,000. Finally, Thoroughbred Financial Services LLC purchased a new stake in shares of Power Solutions International in the fourth quarter valued at approximately $310,000. 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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