Power Solutions International (NASDAQ:PSIX) Shares Climb 5.4% - Time to Buy?

Key Points

• Power Solutions International shares rose 5.4% to approximately $52.80, although trading volume was 61% below the average daily level.
• Analyst sentiment is broadly positive, with a consensus “Buy” rating and an average price target of $99.95; ratings range from Hold to Strong Buy.
• The company has a $1.21 billion market capitalization, a 17.79 price-to-earnings ratio and relatively moderate leverage, while institutional investors own 22.28% of outstanding shares.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) shares were up 5.4% during mid-day trading on Tuesday. The stock traded as high as $52.55 and last traded at $52.8010. 224,163 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 571,263 shares. The stock had previously closed at $50.10.

Analyst Ratings Changes

A number of brokerages have recently commented on PSIX. Weiss Ratings downgraded Power Solutions International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, July 24th. Freedom Capital upgraded shares of Power Solutions International from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $99.95.

Power Solutions International Price Performance

The stock's fifty day moving average price is $41.53 and its two-hundred day moving average price is $46.23. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 17.79 and a beta of 2.01. The company has a current ratio of 2.57, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35.

Institutional Trading of Power Solutions International

A number of institutional investors have recently bought and sold shares of PSIX. Global Assets Advisory LLC purchased a new stake in shares of Power Solutions International during the 1st quarter worth approximately $33,000. New York State Teachers Retirement System acquired a new position in shares of Power Solutions International in the 1st quarter valued at $48,000. Integrated Wealth Concepts LLC purchased a new position in shares of Power Solutions International in the 2nd quarter valued at $63,000. Rockefeller Capital Management L.P. grew its position in shares of Power Solutions International by 178.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,812 shares of the company's stock valued at $104,000 after buying an additional 1,162 shares during the last quarter. Finally, Hamilton Wealth LLC purchased a new position in shares of Power Solutions International in the 1st quarter valued at $120,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Power Solutions International Company Profile

Power Solutions International, Inc NASDAQ: PSIX designs, engineers, manufactures and sells power systems and engines for a range of industrial and commercial applications. The company develops both complete engines and integrated power solutions, with products designed to meet the performance, emissions and packaging requirements of original equipment manufacturers.

Its product portfolio includes engines powered by gasoline, diesel, natural gas, propane and other alternative fuels. These systems are used in on-road vehicles, off-road equipment, material-handling vehicles, agricultural and construction machinery, generators and other stationary power applications.

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