Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) traded up 8.1% during mid-day trading on Wednesday . The stock traded as high as $81.31 and last traded at $81.31. 401,289 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 373,040 shares. The stock had previously closed at $75.24.
Analyst Ratings Changes
Separately, Craig Hallum reiterated a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.
Read Our Latest Stock Report on PSIX
Power Solutions International Stock Performance
The stock has a market cap of $2.07 billion, a P/E ratio of 25.50 and a beta of 1.39. The company's 50 day moving average price is $55.07 and its 200-day moving average price is $39.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.16.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $135.45 million during the quarter. Power Solutions International had a net margin of 15.74% and a return on equity of 141.76%.
Hedge Funds Weigh In On Power Solutions International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSIX. Wolff Wiese Magana LLC bought a new position in Power Solutions International during the second quarter worth about $26,000. Vestcor Inc bought a new position in Power Solutions International during 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. Heck Capital Advisors LLC purchased a new stake in shares of Power Solutions International in the fourth quarter worth about $94,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Power Solutions International by 88.0% in the second quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company's stock worth $107,000 after buying an additional 773 shares in 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.
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