Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s stock price traded up 8.1% on Wednesday . The stock traded as high as $81.31 and last traded at $81.31. 401,289 shares were traded during trading, an increase of 8% from the average session volume of 373,040 shares. The stock had previously closed at $75.24.
Analysts Set New Price Targets
Separately, Craig Hallum restated a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.
Read Our Latest Stock Report on Power Solutions International
Power Solutions International Price Performance
The company has a fifty day moving average of $52.75 and a 200 day moving average of $38.67. The firm has a market capitalization of $1.92 billion, a P/E ratio of 23.63 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.67.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its quarterly earnings results 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 141.76% and a net margin of 15.74%. The firm had revenue of $135.45 million for the quarter.
Institutional Investors Weigh In On Power Solutions International
A number of institutional investors and hedge funds have recently bought and sold shares of PSIX. O Shaughnessy Asset Management LLC bought a new stake in shares of Power Solutions International during the 4th quarter worth $2,168,000. Perritt Capital Management Inc bought a new stake in Power Solutions International in the 4th quarter valued at about $446,000. Thoroughbred Financial Services LLC bought a new stake in Power Solutions International in the 4th quarter valued at about $310,000. Wells Fargo & Company MN bought a new stake in Power Solutions International in the 4th quarter valued at about $33,000. Finally, Portolan Capital Management LLC bought a new stake in Power Solutions International in the 4th quarter valued at about $10,153,000. 22.28% of the stock is 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.
Further Reading
Before you consider Power Solutions International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Power Solutions International wasn't on the list.
While Power Solutions International currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
