Shares of Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $73.57, but opened at $76.40. Power Solutions International shares last traded at $72.89, with a volume of 97,281 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Craig Hallum reaffirmed a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.
View Our Latest Research Report on Power Solutions International
Power Solutions International Stock Up 5.3%
The company has a market capitalization of $1.66 billion, a P/E ratio of 20.40 and a beta of 1.39. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average is $49.68 and its 200 day moving average is $37.84.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS 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 made changes to their positions in PSIX. Farther Finance Advisors LLC grew 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 worth $107,000 after acquiring an additional 773 shares during the period. Bay Rivers Group bought a new stake in shares of Power Solutions International during the second quarter valued at approximately $233,000. GK Wealth Management LLC purchased a new stake in Power Solutions International in the second quarter worth $329,000. Goldman Sachs Group Inc. purchased a new position in Power Solutions International in the first quarter worth about $625,000. Finally, Acadian Asset Management LLC purchased a new position in Power Solutions International in the first quarter worth about $112,000. Institutional investors 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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