Power Solutions International (NASDAQ:PSIX) Shares Climb 7.3% - Should You Buy?

Key Points

• Power Solutions International shares rose 7.3% to about $48.13, although trading volume was 78% below the stock’s average daily volume.
• Analyst sentiment is generally positive: PSIX has an average rating of “Buy” and an average price target of $99.95, despite one recent downgrade to “hold.”
• Institutional ownership stands at 22.28%, with several funds increasing or initiating positions; the company has a $1.12 billion market capitalization and a 16.42 price-to-earnings ratio.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) rose 7.3% during mid-day trading on Tuesday. The stock traded as high as $48.07 and last traded at $48.13. Approximately 128,063 shares traded hands during trading, a decline of 78% from the average daily volume of 574,490 shares. The stock had previously closed at $44.87.

Analyst Ratings Changes

PSIX has been the topic of a number of analyst reports. Weiss Ratings lowered Power Solutions International from a "hold (c+)" rating to a "hold (c)" rating in a 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 investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $99.95.

Power Solutions International Trading Up 7.8%

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.57 and a quick ratio of 1.49. The business's 50-day simple moving average is $39.32 and its 200-day simple moving average is $46.43. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 16.42 and a beta of 2.01.

Hedge Funds Weigh In On Power Solutions International

A number of institutional investors have recently modified their holdings of PSIX. Tidal Investments LLC lifted its stake in shares of Power Solutions International by 146.6% during the 2nd quarter. Tidal Investments LLC now owns 72,447 shares of the company's stock worth $2,817,000 after purchasing an additional 43,068 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Power Solutions International in the second quarter valued at $63,000. AlphaGrep UK Ltd purchased a new stake in shares of Power Solutions International in the second quarter valued at $218,000. Triumph Capital Management increased its stake in Power Solutions International by 32.9% in the second quarter. Triumph Capital Management now owns 4,924 shares of the company's stock valued at $191,000 after purchasing an additional 1,219 shares during the last quarter. Finally, Newtyn Management LLC acquired a new position in Power Solutions International in the second quarter valued at $23,369,000. Institutional investors and hedge funds own 22.28% of the company's stock.

About Power Solutions International

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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