Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s share price shot up 6.4% on Thursday . The company traded as high as $75.00 and last traded at $74.74. 143,753 shares changed hands during trading, a decline of 59% from the average session volume of 350,991 shares. The stock had previously closed at $70.27.
Analyst Ratings Changes
Separately, Craig Hallum reaffirmed a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.
Read Our Latest Analysis on Power Solutions International
Power Solutions International Trading Up 11.1%
The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 22.12 and a beta of 1.39. The business has a 50 day moving average of $44.35. 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 earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter. The firm 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%.
Insider Activity at Power Solutions International
In other news, major shareholder Gary S. Winemaster sold 2,000 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $23.27, for a total transaction of $46,540.00. Following the sale, the insider directly owned 2,944,281 shares in the company, valued at approximately $68,513,418.87. This represents a 0.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new stake in Power Solutions International during the fourth quarter valued at approximately $366,000. Ritholtz Wealth Management bought a new position in shares of Power Solutions International during the 1st quarter valued at approximately $1,008,000. O Shaughnessy Asset Management LLC purchased a new stake in Power Solutions International during the 4th quarter valued at $2,168,000. Perritt Capital Management Inc purchased a new stake in Power Solutions International during the 4th quarter valued at $446,000. Finally, Marshall Wace LLP bought a new stake in Power Solutions International in the fourth quarter worth $2,130,000. 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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