Power Solutions International (NASDAQ:PSIX) Stock Price Down 4.5% - Here's Why

Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s share price traded down 4.5% on Monday . The company traded as low as $40.01 and last traded at $40.45. 47,909 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 325,269 shares. The stock had previously closed at $42.37.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum restated a "buy" rating on shares of Power Solutions International in a research report on Tuesday, March 25th.

Power Solutions International Trading Up 3.5%

The company has a market cap of $989.11 million, a PE ratio of 18.22 and a beta of 1.09. The business's 50-day moving average is $29.51.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%. The company had revenue of $135.45 million during the quarter.

Insider Activity

In other news, major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International 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 transaction, the insider now owns 2,944,281 shares in the company, valued at approximately $68,513,418.87. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Power Solutions International

Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN bought a new position in Power Solutions International during the fourth quarter worth $33,000. Vestcor Inc bought a new position in Power Solutions International during the first quarter worth $29,000. Heck Capital Advisors LLC bought a new position in Power Solutions International during the fourth quarter worth $94,000. Spire Wealth Management bought a new position in Power Solutions International during the fourth quarter worth $96,000. Finally, Acadian Asset Management LLC bought a new position in Power Solutions International during the first quarter worth $112,000. 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.