Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) shot up 14.5% on Monday . The stock traded as high as $35.05 and last traded at $34.75. 557,509 shares were traded during trading, an increase of 68% from the average session volume of 331,170 shares. The stock had previously closed at $30.36.
Analyst Ratings Changes
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 Report on PSIX
Power Solutions International Stock Performance
The company's fifty day moving average price is $27.08. The company has a market cap of $853.37 million, a PE ratio of 15.72 and a beta of 1.09.
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 for the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%. The firm had revenue of $135.45 million for the quarter.
Insider Transactions at Power Solutions International
In other news, major shareholder Gary S. Winemaster sold 2,000 shares of the business's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $23.27, for a total transaction of $46,540.00. Following the completion of the sale, the insider now directly owns 2,944,281 shares of the company's stock, 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 legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Power Solutions International
A number of institutional investors have recently added to or reduced their stakes in PSIX. Astoria Portfolio Advisors LLC. bought a new stake in Power Solutions International in the 4th quarter worth about $216,000. Evernest Financial Advisors LLC bought a new position in shares of Power Solutions International during the 4th quarter valued at approximately $223,000. Heck Capital Advisors LLC bought a new position in Power Solutions International in the 4th quarter worth approximately $94,000. Gagnon Securities LLC bought a new position in Power Solutions International in the 4th quarter worth approximately $25,292,000. Finally, Gagnon Advisors LLC bought a new position in Power Solutions International in the 4th quarter worth approximately $13,987,000. 22.28% of the stock is owned by 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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