Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s stock price shot up 5.8% during mid-day trading on Tuesday . The stock traded as high as $89.44 and last traded at $89.27. 126,306 shares changed hands during trading, a decline of 73% from the average session volume of 460,702 shares. The stock had previously closed at $84.39.
Power Solutions International Stock Up 8.7%
The company has a fifty day simple moving average of $83.93 and a 200-day simple moving average of $52.07. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.11 billion, a P/E ratio of 19.07 and a beta of 1.58.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $2.23 earnings per share for the quarter. The firm had revenue of $191.91 million during the quarter. Power Solutions International had a return on equity of 136.57% and a net margin of 18.56%.
Insider Transactions at Power Solutions International
In other news, CEO Constantine Xykis sold 26,005 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $95.85, for a total value of $2,492,579.25. Following the completion of the transaction, the chief executive officer owned 7,854 shares of the company's stock, valued at $752,805.90. This represents a 76.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Xun Li sold 8,000 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $92.36, for a total value of $738,880.00. Following the completion of the transaction, 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. Over the last 90 days, insiders have sold 131,175 shares of company stock valued at $11,307,078. 0.96% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Power Solutions International
Hedge funds have recently made changes to their positions in the company. Wolff Wiese Magana LLC purchased a new stake in shares of Power Solutions International in the second quarter worth about $26,000. California State Teachers Retirement System purchased a new stake in shares of Power Solutions International in the second quarter worth about $26,000. Vestcor Inc purchased a new stake in shares of Power Solutions International in the first quarter worth about $29,000. Wells Fargo & Company MN purchased a new stake in shares of Power Solutions International in the fourth quarter worth about $33,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Power Solutions International in the second quarter worth about $43,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.
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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