Power Solutions International (NASDAQ:PSIX) Trading 5.1% Higher - Time to Buy?

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) shares shot up 5.1% during mid-day trading on Wednesday . The company traded as high as $68.45 and last traded at $67.00. 145,729 shares traded hands during mid-day 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 reiterated a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.

Power Solutions International Stock Performance

The business has a 50-day moving average price of $47.94. The company has a market cap of $1.53 billion, a PE ratio of 18.81 and a beta of 1.39. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 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 during the quarter.

Insider Activity

In other Power Solutions International news, major shareholder Gary S. Winemaster sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $23.27, for a total transaction of $46,540.00. Following the completion of the sale, the insider owned 2,944,281 shares in the company, valued at $68,513,418.87. This trade represents a 0.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.96% of the company's stock.

Institutional Investors Weigh In On Power Solutions International

A number of hedge funds have recently bought and sold shares of PSIX. Citadel Advisors LLC bought a new position in Power Solutions International during the 4th quarter valued at $366,000. Ritholtz Wealth Management acquired a new stake in Power Solutions International during the first quarter valued at approximately $1,008,000. O Shaughnessy Asset Management LLC acquired a new stake in Power Solutions International during the fourth quarter valued at approximately $2,168,000. Perritt Capital Management Inc bought a new stake in Power Solutions International during the fourth quarter valued at $446,000. Finally, Marshall Wace LLP acquired a new position in Power Solutions International in the fourth quarter valued at approximately $2,130,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Power Solutions International Company Profile

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.