Power Solutions International (NASDAQ:PSIX) Shares Gap Up - Here's What Happened

Key Points

• Power Solutions International shares gapped higher, opening at $36.39 versus a prior close of $34.97, and were last trading around $35.63 on volume of 19,100 shares.
• Analyst sentiment is generally positive: the stock has an average “Buy” rating and a consensus price target of $99.95, although ratings range from Strong Buy to Hold.
• The company reported quarterly EPS of $0.78 on $152.54 million in revenue, with a 10.03% net margin and 37.73% return on equity; institutional investors own 22.28% of the stock.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $34.97, but opened at $36.39. Power Solutions International shares last traded at $35.6270, with a volume of 19,100 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Freedom Capital upgraded Power Solutions International from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Weiss Ratings cut shares of Power Solutions International from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $99.95.

Power Solutions International Trading Up 2.1%

The business has a 50 day simple moving average of $35.40 and a 200-day simple moving average of $53.66. The company has a current ratio of 2.57, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $823.40 million, a price-to-earnings ratio of 12.11 and a beta of 2.02.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.78 earnings per share (EPS) for the quarter. Power Solutions International had a net margin of 10.03% and a return on equity of 37.73%. The firm had revenue of $152.54 million during the quarter.

Institutional Investors Weigh In On Power Solutions International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truvestments Capital LLC raised its holdings in shares of Power Solutions International by 3.9% during the 4th quarter. Truvestments Capital LLC now owns 3,039 shares of the company's stock valued at $174,000 after buying an additional 114 shares during the period. Creative Planning lifted its holdings in Power Solutions International by 1.8% during the 3rd quarter. Creative Planning now owns 10,819 shares of the company's stock worth $1,063,000 after buying an additional 196 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Power Solutions International by 1.7% in the fourth quarter. Russell Investments Group Ltd. now owns 15,025 shares of the company's stock worth $859,000 after purchasing an additional 249 shares during the period. Sequent Planning LLC boosted its holdings in shares of Power Solutions International by 4.2% in the 1st quarter. Sequent Planning LLC now owns 6,423 shares of the company's stock valued at $391,000 after buying an additional 260 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Power Solutions International by 2,672.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company's stock valued at $30,000 after acquiring an additional 294 shares during the period. 22.28% of the stock is currently owned by institutional investors and hedge funds.

About Power Solutions International

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.

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