Shares of Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) traded down 8% on Monday . The stock traded as low as $67.51 and last traded at $71.88. 247,471 shares were traded during trading, a decline of 30% from the average session volume of 351,467 shares. The stock had previously closed at $78.10.
Analysts Set New Price Targets
Separately, Craig Hallum reiterated a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.
Read Our Latest Research Report on PSIX
Power Solutions International Price Performance
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 firm's 50-day moving average price is $48.79. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 19.37 and a beta of 1.39.
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 (EPS) for the quarter. The business had revenue of $135.45 million for the quarter. Power Solutions International had a return on equity of 141.76% and a net margin of 15.74%.
Insider Activity
In related news, major shareholder Gary S. Winemaster sold 2,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the completion of the sale, the insider directly owned 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 filing with the SEC, which is accessible through this link. 0.96% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Power Solutions International
Several institutional investors have recently made changes to their positions in the stock. Bay Rivers Group bought a new stake in shares of Power Solutions International in the second quarter valued at approximately $233,000. GK Wealth Management LLC bought a new stake in Power Solutions International during the second quarter worth $329,000. Goldman Sachs Group Inc. bought a new stake in Power Solutions International during the first quarter worth $625,000. Acadian Asset Management LLC bought a new stake in Power Solutions International during the first quarter worth $112,000. Finally, Corsair Capital Management L.P. lifted its stake in Power Solutions International by 129.8% during the first quarter. Corsair Capital Management L.P. now owns 36,767 shares of the company's stock worth $929,000 after purchasing an additional 20,767 shares during the last quarter. 22.28% of the stock is currently 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.
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