Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) shares rose 8.6% during trading on Friday . The company traded as high as $28.46 and last traded at $27.92. Approximately 104,652 shares were traded during trading, a decline of 68% from the average daily volume of 323,744 shares. The stock had previously closed at $25.72.
Analysts Set New Price Targets
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 Power Solutions International
Power Solutions International Trading Up 7.5 %
The firm has a market capitalization of $639.39 million, a P/E ratio of 11.78 and a beta of 1.09. The business has a 50 day simple moving average of $26.43.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its earnings results on Monday, March 24th. The company reported $1.03 earnings per share for the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%. The business had revenue of $144.30 million during the quarter.
Insider Buying and Selling
In other news, major shareholder Gary S. Winemaster sold 2,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $23.27, for a total transaction of $46,540.00. Following the transaction, the insider now 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company's stock.
Institutional Investors Weigh In On Power Solutions International
Several institutional investors and hedge funds have recently made changes to their positions in PSIX. Wells Fargo & Company MN purchased a new position in shares of Power Solutions International during the fourth quarter valued at about $33,000. Vestcor Inc acquired a new stake in Power Solutions International during the 1st quarter worth about $29,000. Heck Capital Advisors LLC acquired a new position in Power Solutions International in the fourth quarter valued at approximately $94,000. Spire Wealth Management purchased a new position in Power Solutions International during the fourth quarter valued at $96,000. Finally, Astoria Portfolio Advisors LLC. purchased a new position in shares of Power Solutions International in the fourth quarter worth about $216,000. Institutional investors own 22.28% of the company's stock.
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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