Power Solutions International (NASDAQ:PSIX) Trading 10% Higher - Still a Buy?

Key Points

• Power Solutions International (NASDAQ:PSIX) saw its share price increase by 10%, trading as high as $97.75 before closing at $97.00.
• The company reported a net margin of 15.74% and a return on equity of 141.76% along with quarterly revenue of $135.45 million.
• Institutional investors now hold 22.28% of the company's stock, with notable new acquisitions including Wolff Wiese Magana LLC and Farther Finance Advisors LLC.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s stock price was up 10% on Thursday . The stock traded as high as $97.75 and last traded at $97.00. Approximately 529,742 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 398,275 shares. The stock had previously closed at $88.16.

Power Solutions International Trading Up 2.6%

The firm has a fifty day simple moving average of $65.56 and a two-hundred day simple moving average of $43.38. The stock has a market cap of $2.05 billion, a PE ratio of 25.29 and a beta of 1.47. 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 released its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share 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 Trading of Power Solutions International

Several institutional investors and hedge funds have recently modified their holdings of the business. Portolan Capital Management LLC purchased a new stake in shares of Power Solutions International in the 4th quarter valued at about $10,153,000. S Squared Technology LLC purchased a new position in shares of Power Solutions International during the 4th quarter valued at about $8,718,000. Marshall Wace LLP purchased a new position in shares of Power Solutions International during the 4th quarter valued at about $2,130,000. Independent Advisor Alliance purchased a new position in shares of Power Solutions International during the 1st quarter valued at about $1,086,000. Finally, Ritholtz Wealth Management raised its holdings in shares of Power Solutions International by 2.6% during the 2nd quarter. Ritholtz Wealth Management now owns 40,873 shares of the company's stock valued at $2,644,000 after buying an additional 1,018 shares in the last quarter. Hedge funds and other institutional investors 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.