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Power Solutions International (NASDAQ:PSIX) Shares Up 5.1% - Should You Buy?

Power Solutions International logo with Auto/Tires/Trucks background

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) shares shot up 5.1% during mid-day trading on Wednesday . The stock traded as high as $68.45 and last traded at $67.00. 145,729 shares were traded during trading, a decline of 60% from the average session volume of 363,437 shares. The stock had previously closed at $63.74.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum restated a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.

View Our Latest Analysis on Power Solutions International

Power Solutions International Trading Up 5.3%

The stock has a 50-day moving average of $49.68 and a 200 day moving average of $37.84. The stock has a market cap of $1.66 billion, a PE ratio of 20.40 and a beta of 1.39. The company has a quick ratio of 0.67, a current ratio of 1.16 and a debt-to-equity ratio of 0.01.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter. The firm had revenue of $135.45 million for the quarter. Power Solutions International had a return on equity of 141.76% and a net margin of 15.74%.

Institutional Investors Weigh In On Power Solutions International

A number of large investors have recently bought and sold shares of PSIX. Portolan Capital Management LLC purchased a new stake in Power Solutions International in the 4th quarter worth approximately $10,153,000. S Squared Technology LLC purchased a new stake in Power Solutions International in the 4th quarter worth approximately $8,718,000. O Shaughnessy Asset Management LLC purchased a new stake in Power Solutions International in the 4th quarter worth approximately $2,168,000. Marshall Wace LLP purchased a new stake in Power Solutions International in the 4th quarter worth approximately $2,130,000. Finally, Independent Advisor Alliance purchased a new stake in Power Solutions International in the 1st quarter worth approximately $1,086,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

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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