Power Solutions International (NASDAQ:PSIX) Stock Price Up 5.8% - What's Next?

Key Points

• Power Solutions International's stock price increased by 5.8% to $89.27 during mid-day trading, despite a 73% decline in trading volume compared to average levels.
• The company reported earnings of $2.23 per share for the last quarter, with a revenue of $191.91 million and a substantial return on equity of 136.57%.
• Insiders, including the CEO and CFO, sold significant shares recently, reducing their ownership stakes by 76.8% and 97.31%, respectively.

Shares of Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) rose 5.8% during mid-day trading on Tuesday . The stock traded as high as $89.44 and last traded at $89.27. Approximately 126,306 shares changed hands during trading, a decline of 73% from the average daily volume of 460,702 shares. The stock had previously closed at $84.39.

Power Solutions International Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.65. The company has a 50 day simple moving average of $85.51 and a 200-day simple moving average of $53.62. The stock has a market cap of $2.17 billion, a P/E ratio of 19.63 and a beta of 1.58.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $2.23 earnings per share (EPS) for the quarter. Power Solutions International had a return on equity of 136.57% and a net margin of 18.56%.The firm had revenue of $191.91 million during the quarter.

Insider Buying and Selling

In other news, Director Frank P. Simpkins sold 10,000 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $91.64, for a total value of $916,400.00. Following the completion of the sale, the director owned 25,000 shares of the company's stock, valued at approximately $2,291,000. The trade was a 28.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Xun Li sold 8,000 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $92.36, for a total value of $738,880.00. Following the completion of the sale, the chief financial officer directly owned 221 shares of the company's stock, valued at approximately $20,411.56. This trade represents a 97.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,175 shares of company stock worth $11,307,078 in the last 90 days. 0.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. increased its holdings in Power Solutions International by 102.3% during the 2nd quarter. Osaic Holdings Inc. now owns 44,759 shares of the company's stock valued at $2,895,000 after purchasing an additional 22,637 shares during the period. Thompson Davis & CO. Inc. purchased a new position in Power Solutions International during the 2nd quarter valued at about $1,329,000. State of Wyoming purchased a new position in Power Solutions International during the 2nd quarter valued at about $279,000. MML Investors Services LLC increased its holdings in Power Solutions International by 42.5% during the 2nd quarter. MML Investors Services LLC now owns 30,033 shares of the company's stock valued at $1,943,000 after purchasing an additional 8,952 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in Power Solutions International during the 2nd quarter valued at about $2,968,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

Power Solutions International Company Profile

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.