Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $68.39, but opened at $66.04. Power Solutions International shares last traded at $65.41, with a volume of 59,694 shares traded.
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.
Read Our Latest Analysis on Power Solutions International
Power Solutions International Price Performance
The firm has a market cap of $1.59 billion, a PE ratio of 19.52 and a beta of 1.39. 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 business has a fifty day moving average of $48.79.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter. The firm had revenue of $135.45 million during the quarter. Power Solutions International had a net margin of 15.74% and a return on equity of 141.76%.
Hedge Funds Weigh In On Power Solutions International
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bay Rivers Group acquired a new position in Power Solutions International in the 2nd quarter worth approximately $233,000. GK Wealth Management LLC acquired a new position in Power Solutions International in the 2nd quarter worth approximately $329,000. Goldman Sachs Group Inc. acquired a new position in Power Solutions International in the 1st quarter worth approximately $625,000. Acadian Asset Management LLC acquired a new position in Power Solutions International in the 1st quarter worth approximately $112,000. Finally, Corsair Capital Management L.P. boosted its stake in shares of Power Solutions International by 129.8% during the 1st quarter. Corsair Capital Management L.P. now owns 36,767 shares of the company's stock valued at $929,000 after buying an additional 20,767 shares during the period. 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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