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

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s share price rose 5.1% during trading on Wednesday . The stock traded as high as $68.45 and last traded at $67.00. Approximately 145,729 shares traded hands during trading, a decline of 60% from the average daily volume of 363,437 shares. The stock had previously closed at $63.74.

Analysts Set New Price Targets

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

Power Solutions International Stock Performance

The company has a 50 day moving average of $48.79. The firm has a market capitalization of $1.67 billion, a P/E ratio of 20.59 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 announced its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter. The company had revenue of $135.45 million for 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

Hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new position in shares of Power Solutions International in the 4th quarter worth approximately $366,000. Ritholtz Wealth Management acquired a new position in shares of Power Solutions International in the 1st quarter worth approximately $1,008,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Power Solutions International in the fourth quarter worth about $2,168,000. Perritt Capital Management Inc purchased a new position in shares of Power Solutions International in the fourth quarter worth approximately $446,000. Finally, Marshall Wace LLP purchased a new position in shares of Power Solutions International in the fourth quarter worth 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.