Shares of Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $59.37, but opened at $62.34. Power Solutions International shares last traded at $58.34, with a volume of 207,308 shares.
Wall Street Analyst Weigh In
Separately, Craig Hallum reissued a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.
Check Out Our Latest Report on PSIX
Power Solutions International Stock Performance
The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.67. The firm's 50-day moving average is $35.93. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 16.42 and a beta of 1.26.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter. Power Solutions International had a net margin of 15.74% and a return on equity of 141.76%. The company had revenue of $135.45 million during the quarter.
Insider Buying and Selling at Power Solutions International
In related news, major shareholder Gary S. Winemaster sold 2,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $23.27, for a total transaction of $46,540.00. Following the completion of the transaction, the insider now directly owns 2,944,281 shares in the company, valued at approximately $68,513,418.87. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.
Institutional Investors Weigh In On Power Solutions International
Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN acquired a new stake in shares of Power Solutions International in the fourth quarter valued at approximately $33,000. Vestcor Inc acquired a new stake in Power Solutions International in the 1st quarter valued at $29,000. Heck Capital Advisors LLC acquired a new stake in Power Solutions International in the 4th quarter valued at $94,000. Acadian Asset Management LLC bought a new stake in Power Solutions International during the 1st quarter worth about $112,000. Finally, Spire Wealth Management boosted its stake in shares of Power Solutions International by 84.5% during the 1st quarter. Spire Wealth Management now owns 5,984 shares of the company's stock worth $151,000 after buying an additional 2,741 shares during the last quarter. Institutional investors own 22.28% of the company's stock.
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.
Further Reading
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