Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s share price traded up 10% on Thursday . The company traded as high as $97.75 and last traded at $97.00. 529,742 shares traded hands during trading, an increase of 33% from the average session volume of 398,275 shares. The stock had previously closed at $88.16.
Power Solutions International Stock Up 6.3%
The company has a market capitalization of $2.16 billion, a PE ratio of 26.56 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. The firm has a 50 day simple moving average of $62.44 and a two-hundred day simple moving average of $42.21.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS for the quarter. The company had revenue of $135.45 million during the quarter. Power Solutions International had a net margin of 15.74% and a return on equity of 141.76%.
Institutional Investors Weigh In On Power Solutions International
A number of institutional investors have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC acquired a new position in Power Solutions International during the second quarter worth $26,000. Farther Finance Advisors LLC grew its stake in shares of Power Solutions International by 88.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company's stock worth $107,000 after purchasing an additional 773 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Power Solutions International by 2.6% in the 2nd quarter. Ritholtz Wealth Management now owns 40,873 shares of the company's stock valued at $2,644,000 after purchasing an additional 1,018 shares in the last quarter. Wells Fargo & Company MN acquired a new stake in shares of Power Solutions International in the 4th quarter worth approximately $33,000. Finally, Vestcor Inc acquired a new stake in shares of Power Solutions International in the 1st quarter worth approximately $29,000. 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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