Power Solutions International (NASDAQ:PSIX) Stock Falls 10.8% - What's Next?

Key Points

• Power Solutions International shares fell 10.8% to about $47.43, with trading volume slightly below its average. The company’s market capitalization is approximately $1.09 billion.
• Analyst sentiment remains positive overall: PSIX has a consensus rating of “Buy” and a consensus price target of $99.95, though recent rating changes included both an upgrade to “strong buy” and a downgrade in the company’s hold rating.
• Institutional ownership stands at 22.28%, with several investors increasing or initiating positions during the second quarter, including Tidal Investments, which raised its stake by 146.6%.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) was down 10.8% on Wednesday. The company traded as low as $47.43 and last traded at $47.4270. 546,512 shares changed hands during trading, a decline of 4% from the average daily volume of 571,242 shares. The stock had previously closed at $53.14.

Analyst Ratings Changes

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

Power Solutions International Stock Down 11.0%

The company has a market cap of $1.09 billion, a P/E ratio of 16.11 and a beta of 2.01. The stock's 50-day moving average price is $41.90 and its 200-day moving average price is $46.14. 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 Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSIX. Tidal Investments LLC increased its stake in Power Solutions International by 146.6% during the 2nd quarter. Tidal Investments LLC now owns 72,447 shares of the company's stock valued at $2,817,000 after purchasing an additional 43,068 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Power Solutions International during the second quarter worth $63,000. AlphaGrep UK Ltd bought a new position in shares of Power Solutions International in the second quarter valued at $218,000. Triumph Capital Management lifted its stake in shares of 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 buying an additional 1,219 shares in the last quarter. Finally, Newtyn Management LLC acquired a new position in shares of Power Solutions International during the second quarter valued at about $23,369,000. Institutional investors 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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