Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) shares dropped 8% on Monday . The stock traded as low as $67.51 and last traded at $71.88. Approximately 247,471 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 351,467 shares. The stock had previously closed at $78.10.
Analyst Upgrades and Downgrades
Separately, Craig Hallum reaffirmed a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.
View Our Latest Research Report on PSIX
Power Solutions International Stock Down 10.1%
The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.67. The company has a 50-day moving average price of $46.30. The firm has a market capitalization of $1.52 billion, a P/E ratio of 18.75 and a beta of 1.39.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last posted its earnings results 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%.
Insider Activity at Power Solutions International
In other news, major shareholder Gary S. Winemaster sold 2,000 shares of the business'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 completion of the sale, the insider directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Power Solutions International
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN bought a new stake in Power Solutions International in the 4th quarter worth about $33,000. Vestcor Inc bought a new stake in Power Solutions International in the 1st quarter worth about $29,000. Spire Wealth Management grew its position in Power Solutions International by 84.5% in the 1st quarter. Spire Wealth Management now owns 5,984 shares of the company's stock worth $151,000 after purchasing an additional 2,741 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Power Solutions International in the 4th quarter worth about $94,000. Finally, Acadian Asset Management LLC bought a new stake in Power Solutions International in the 1st quarter worth about $112,000. 22.28% of the stock is owned by institutional investors.
About Power Solutions International
(
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.
See Also
Before you consider Power Solutions International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Power Solutions International wasn't on the list.
While Power Solutions International currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
