Power Solutions International (NASDAQ:PSIX) Trading Up 8.6% - Should You Buy?

Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s share price traded up 8.6% during trading on Friday . The company traded as high as $28.46 and last traded at $27.92. 104,652 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 323,744 shares. The stock had previously closed at $25.72.

Analyst Ratings Changes

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

Power Solutions International Stock Up 6.7 %

The firm has a market capitalization of $631.57 million, a PE ratio of 11.63 and a beta of 0.80. The stock has a 50 day moving average price of $26.85.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last posted its quarterly earnings results on Monday, March 24th. The company reported $1.03 EPS for the quarter. The business had revenue of $144.30 million during the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%.

Insider Buying and Selling

In other Power Solutions International news, major shareholder Gary S. Winemaster sold 2,000 shares of the company's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the transaction, the insider now directly owns 2,944,281 shares of the company's stock, valued at $68,513,418.87. This represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PSIX. Wells Fargo & Company MN acquired a new stake in shares of Power Solutions International in the fourth quarter worth about $33,000. Heck Capital Advisors LLC acquired a new stake in Power Solutions International in the 4th quarter worth approximately $94,000. Spire Wealth Management bought a new stake in Power Solutions International during the fourth quarter worth approximately $96,000. Astoria Portfolio Advisors LLC. bought a new position in shares of Power Solutions International in the fourth quarter valued at approximately $216,000. Finally, Evernest Financial Advisors LLC bought a new position in shares of Power Solutions International in the fourth quarter valued at approximately $223,000. Institutional investors and hedge funds 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.

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