Power Solutions International (NASDAQ:PSIX) Stock Falls 11.6% - Time to Sell?

Key Points

• Power Solutions International shares fell 11.6% on Wednesday, closing near $43.67 after trading as low as $44.56; volume was 83% below the average session volume.
• Analyst sentiment remains positive: MarketBeat reports a consensus Buy rating and a $99.95 price target, based on one Strong Buy, one Buy, and one Hold rating.
• The company reported a 0.35 debt-to-equity ratio, a 2.57 current ratio, and a market capitalization of about $954.5 million; institutional investors own 22.28% of its shares.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) shares fell 11.6% during trading on Wednesday. The stock traded as low as $44.56 and last traded at $43.6740. Approximately 83,615 shares were traded during mid-day trading, a decline of 85% from the average session volume of 559,480 shares. The stock had previously closed at $49.43.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PSIX. Freedom Capital raised Power Solutions International from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Power Solutions International in a report on Thursday, October 22nd. One research 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. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $99.95.

Power Solutions International Trading Down 16.3%

The company has a quick ratio of 1.49, a current ratio of 2.57 and a debt-to-equity ratio of 0.35. The firm's 50-day moving average price is $44.72 and its 200 day moving average price is $52.79. The company has a market capitalization of $954.52 million, a P/E ratio of 14.02 and a beta of 2.08.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PSIX. Fulcrum Asset Management LLP bought a new position in Power Solutions International during the third quarter valued at about $100,000. Allspring Global Investments Holdings LLC raised its position in Power Solutions International by 5.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,169 shares of the company's stock worth $371,000 after acquiring an additional 387 shares during the period. Quadcap Wealth Management LLC bought a new stake in Power Solutions International in the third quarter worth about $321,000. Commonwealth Equity Services LLC purchased a new position in Power Solutions International in the third quarter valued at about $206,000. Finally, Bridge City Capital LLC boosted its stake in Power Solutions International by 21.8% in the third quarter. Bridge City Capital LLC now owns 49,524 shares of the company's stock valued at $2,277,000 after acquiring an additional 8,866 shares during the last quarter. Institutional investors own 22.28% of the company's stock.

Power Solutions International Company Profile

Power Solutions International, Inc NASDAQ: PSIX designs, engineers, manufactures and distributes power systems and engines for a range of commercial, industrial and specialty applications. The company develops powertrain solutions intended to meet the performance, emissions and packaging requirements of original equipment manufacturers and end users.

Its product portfolio includes engines powered by gasoline, diesel, natural gas and propane, along with related electronic controls, fuel systems and power-management technologies.

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