Power Solutions International (NASDAQ:PSIX) Stock Price Up 6.4% - What's Next?

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s share price traded up 6.4% during trading on Thursday . The stock traded as high as $75.00 and last traded at $74.74. 143,753 shares were traded 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 research note on Tuesday, March 25th.

Power Solutions International Stock Performance

The stock has a market capitalization of $1.80 billion, a PE ratio of 22.12 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 stock has a 50-day simple moving average of $45.38.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last released 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%.

Insiders Place Their Bets

In other Power Solutions International news, major shareholder Gary S. Winemaster sold 2,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $23.27, for a total transaction of $46,540.00. Following the completion of the transaction, the insider owned 2,944,281 shares of the company's stock, valued at $68,513,418.87. The trade was a 0.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC bought a new stake in Power Solutions International in the fourth quarter valued at about $2,168,000. Perritt Capital Management Inc bought a new stake in Power Solutions International in the fourth quarter valued at about $446,000. Thoroughbred Financial Services LLC bought a new stake in Power Solutions International in the fourth quarter valued at about $310,000. Wells Fargo & Company MN bought a new stake in Power Solutions International in the fourth quarter valued at about $33,000. Finally, Portolan Capital Management LLC bought a new stake in Power Solutions International in the fourth quarter valued at about $10,153,000. 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.