Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) shares were down 9.3% on Monday . The stock traded as low as $67.51 and last traded at $70.80. Approximately 257,665 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 351,669 shares. The stock had previously closed at $78.10.
Analyst Ratings Changes
Separately, Craig Hallum restated a "buy" rating on shares of Power Solutions International in a research report on Tuesday, March 25th.
Check Out Our Latest Research Report on PSIX
Power Solutions International Price Performance
The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.67. The company's 50 day simple moving average is $48.79. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 19.37 and a beta of 1.39.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS for the quarter. The firm 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 Activity at Power Solutions International
In related news, major shareholder Gary S. Winemaster sold 2,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $23.27, for a total transaction of $46,540.00. Following the transaction, the insider owned 2,944,281 shares in the company, valued at $68,513,418.87. The trade was a 0.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.96% of the company's stock.
Hedge Funds Weigh In On Power Solutions International
Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN purchased a new position in shares of Power Solutions International during the fourth quarter valued at approximately $33,000. Vestcor Inc bought a new position in shares of Power Solutions International during the 1st quarter valued at about $29,000. Heck Capital Advisors LLC bought a new position in shares of Power Solutions International during the 4th quarter valued at approximately $94,000. Bay Rivers Group purchased a new position in Power Solutions International during the 2nd quarter valued at $233,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Power Solutions International in the 1st quarter worth $112,000. Institutional investors own 22.28% of the company's stock.
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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