Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) shares fell 9.3% during mid-day trading on Monday . The stock traded as low as $67.51 and last traded at $70.80. 257,665 shares changed hands during trading, a decline of 27% from the average session volume of 351,669 shares. The stock had previously closed at $78.10.
Wall Street Analyst Weigh In
Separately, Craig Hallum reiterated a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.
Read Our Latest Stock Analysis on PSIX
Power Solutions International Stock Performance
The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 20.84 and a beta of 1.39. The company has a fifty day moving average of $46.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.16.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter. The business had revenue of $135.45 million during the quarter. Power Solutions International had a net margin of 15.74% and a return on equity of 141.76%.
Insider Buying and Selling
In other Power Solutions International news, major shareholder Gary S. Winemaster sold 2,000 shares of the business'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 completion of the transaction, the insider owned 2,944,281 shares in the company, valued at approximately $68,513,418.87. The trade was a 0.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Wells Fargo & Company MN bought a new stake in shares of Power Solutions International in the 4th quarter worth $33,000. Vestcor Inc acquired a new position in Power Solutions International during the first quarter worth about $29,000. Spire Wealth Management lifted its holdings in Power Solutions International by 84.5% in the 1st quarter. Spire Wealth Management now owns 5,984 shares of the company's stock valued at $151,000 after acquiring an additional 2,741 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Power Solutions International in the 4th quarter worth approximately $94,000. Finally, Acadian Asset Management LLC acquired a new stake in Power Solutions International during the first quarter valued at approximately $112,000. 22.28% of the stock is owned by institutional investors and hedge funds.
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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