Shares of Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) were down 8.9% on Monday . The company traded as low as $22.34 and last traded at $22.34. Approximately 102,363 shares were traded during trading, a decline of 69% from the average daily volume of 331,589 shares. The stock had previously closed at $24.51.
Analyst Ratings Changes
Separately, Craig Hallum restated a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.
Get Our Latest Stock Analysis on Power Solutions International
Power Solutions International Trading Up 0.9 %
The stock's 50 day moving average is $27.58. The company has a market cap of $622.14 million, a price-to-earnings ratio of 11.46 and a beta of 0.80.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its earnings results on Monday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter. The company had revenue of $144.30 million during the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%.
Insider Transactions at Power Solutions International
In related news, major shareholder Gary S. Winemaster sold 2,000 shares of the company'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 sale, the insider now owns 2,944,281 shares in the company, valued at $68,513,418.87. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.60% of the company's stock.
Institutional Trading of Power Solutions International
Institutional investors and hedge funds have recently bought and sold shares of the business. Gagnon Securities LLC acquired a new stake in shares of Power Solutions International in the fourth quarter worth $25,292,000. Gagnon Advisors LLC acquired a new stake in Power Solutions International during the 4th quarter worth about $13,987,000. Portolan Capital Management LLC purchased a new position in shares of Power Solutions International during the 4th quarter valued at about $10,153,000. S Squared Technology LLC acquired a new position in shares of Power Solutions International in the 4th quarter valued at about $8,718,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Power Solutions International in the fourth quarter worth about $2,168,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.
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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