Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s share price rose 7.8% during trading on Monday . The stock traded as high as $54.00 and last traded at $53.83. Approximately 289,491 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 324,338 shares. The stock had previously closed at $49.93.
Wall Street Analysts Forecast Growth
Separately, Craig Hallum reiterated a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.
Check Out Our Latest Stock Analysis on PSIX
Power Solutions International Stock Performance
The firm has a market cap of $1.23 billion, a P/E ratio of 22.68 and a beta of 1.26. The firm has a fifty day simple moving average of $33.12.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%. The company had revenue of $135.45 million during the quarter.
Insider Activity
In related news, major shareholder Gary S. Winemaster sold 2,000 shares of the company's 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 sale, the insider now owns 2,944,281 shares in the company, valued at $68,513,418.87. This represents a 0.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company's stock.
Hedge Funds Weigh In On Power Solutions International
Several institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new position in shares of Power Solutions International during the 4th quarter valued at $366,000. World Equity Group Inc. bought a new position in shares of Power Solutions International during the 4th quarter worth about $529,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Power Solutions International in the 4th quarter valued at about $251,000. O Shaughnessy Asset Management LLC bought a new stake in Power Solutions International in the 4th quarter valued at about $2,168,000. Finally, Perritt Capital Management Inc bought a new stake in Power Solutions International in the 4th quarter valued at about $446,000. 22.28% of the stock is owned by institutional investors and hedge funds.
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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