Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s stock price shot up 7.8% during trading on Monday . The company traded as high as $54.00 and last traded at $53.83. 289,491 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 324,338 shares. The stock had previously closed at $49.93.
Analysts Set New Price Targets
Separately, Craig Hallum reiterated a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.
View Our Latest Analysis on PSIX
Power Solutions International Price Performance
The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.16. The firm has a 50 day moving average of $35.93. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 16.82 and a beta of 1.26.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced 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 net margin of 15.74% and a return on equity of 141.76%. The company had revenue of $135.45 million for the quarter.
Insider Buying and Selling
In related news, major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the sale, the insider now directly owns 2,944,281 shares in the company, valued at $68,513,418.87. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Power Solutions International
Institutional investors have recently made changes to their positions in the stock. Vestcor Inc purchased a new position in shares of Power Solutions International in the 1st quarter valued at about $29,000. Wells Fargo & Company MN purchased a new stake in Power Solutions International during the fourth quarter worth about $33,000. Heck Capital Advisors LLC acquired a new position in Power Solutions International during the fourth quarter worth about $94,000. Acadian Asset Management LLC acquired a new position in Power Solutions International during the first quarter worth about $112,000. Finally, Spire Wealth Management increased its holdings in Power Solutions International by 84.5% in the first quarter. Spire Wealth Management now owns 5,984 shares of the company's stock valued at $151,000 after buying an additional 2,741 shares in the last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.
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.
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