Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s share price shot up 11.6% on Wednesday . The company traded as high as $93.02 and last traded at $92.95. 305,633 shares changed hands during trading, a decline of 21% from the average session volume of 387,857 shares. The stock had previously closed at $83.31.
Power Solutions International Trading Up 1.1%
The business's 50-day moving average is $60.39 and its two-hundred day moving average is $41.45. 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 market capitalization of $2.08 billion, a PE ratio of 25.64 and a beta of 1.39.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter. Power Solutions International had a net margin of 15.74% and a return on equity of 141.76%. The firm had revenue of $135.45 million during the quarter.
Hedge Funds Weigh In On Power Solutions International
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC purchased a new position in Power Solutions International in the 2nd quarter valued at about $26,000. Wells Fargo & Company MN purchased a new position in Power Solutions International in the 4th quarter valued at about $33,000. Vestcor Inc purchased a new position in Power Solutions International in the 1st quarter valued at about $29,000. Farther Finance Advisors LLC raised its stake in shares of Power Solutions International by 88.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company's stock valued at $107,000 after purchasing an additional 773 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Power Solutions International in the 4th quarter valued at about $94,000. 22.28% of the stock is owned by hedge funds and other institutional investors.
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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