Power Solutions International (NASDAQ:PSIX) Trading 5.7% Higher - Here's What Happened

Key Points

• PSIX shares rose 5.7% to about $73.15 on Thursday (intraday high $74.49) on light volume of 219,261 shares, roughly 61% below its average session volume.
• Analysts are mixed but mildly positive: the consensus rating is a "Moderate Buy" with a consensus target of $99.95 and individual targets ranging from about $92.90 to $107.00.
• Power Solutions International designs and manufactures integrated diesel powertrain systems (Atlas brand) and trades with a market cap near $1.70B, a PE of 14.93 and a debt/equity ratio of 0.54.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s share price traded up 5.7% on Thursday . The stock traded as high as $74.49 and last traded at $73.1510. 219,261 shares changed hands during trading, a decline of 61% from the average session volume of 567,636 shares. The stock had previously closed at $69.22.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Loop Capital set a $107.00 price objective on shares of Power Solutions International in a research report on Wednesday, March 4th. Jefferies Financial Group decreased their target price on shares of Power Solutions International from $110.51 to $92.90 and set a "buy" rating on the stock in a research report on Tuesday, March 24th. Wall Street Zen cut shares of Power Solutions International from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Power Solutions International in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $99.95.

Power Solutions International Stock Performance

The company has a market cap of $1.70 billion, a PE ratio of 14.93 and a beta of 2.19. The business's 50-day moving average is $71.12 and its 200 day moving average is $72.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.77 and a current ratio of 3.15.

Institutional Investors Weigh In On Power Solutions International

Large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in Power Solutions International in the 3rd quarter worth $26,000. Caitong International Asset Management Co. Ltd grew its holdings in Power Solutions International by 2,672.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company's stock worth $30,000 after acquiring an additional 294 shares during the last quarter. California State Teachers Retirement System bought a new stake in Power Solutions International in the 2nd quarter worth $26,000. State of Wyoming bought a new stake in Power Solutions International in the 4th quarter worth $49,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in Power Solutions International in the 3rd quarter worth $98,000. Institutional investors own 22.28% of the company's stock.

Power Solutions International Company Profile

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.

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