Power Solutions International (NASDAQ:PSIX) Trading Up 6.9% - Should You Buy?

Key Points

• Power Solutions International shares rose 6.9% to $38.94 in Friday trading, although volume was 84% below the stock’s average daily volume.
• Analysts maintain a generally positive outlook, with the stock holding an average “Buy” rating and a consensus price target of $99.95; ratings range from Hold to Strong Buy.
• The company reported quarterly EPS of $0.78 on $152.54 million in revenue, alongside a 37.73% return on equity and 10.03% net margin. Institutional investors own 22.28% of outstanding shares.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s share price shot up 6.9% during trading on Friday . The company traded as high as $38.53 and last traded at $38.94. 95,477 shares traded hands during trading, a decline of 84% from the average daily volume of 594,686 shares. The stock had previously closed at $36.42.

Analyst Ratings Changes

Several brokerages recently weighed in on PSIX. Weiss Ratings downgraded shares of 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 equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $99.95.

Power Solutions International Price Performance

The firm has a 50-day simple moving average of $34.94 and a two-hundred day simple moving average of $51.01. The company has a market capitalization of $914.22 million, a price-to-earnings ratio of 13.49 and a beta of 2.11. The company has a current ratio of 2.57, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35.

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

Institutional Investors Weigh In On Power Solutions International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Newtyn Management LLC acquired a new position in shares of Power Solutions International in the 2nd quarter valued at $23,369,000. Situational Awareness LP acquired a new position in shares of Power Solutions International in the fourth quarter worth about $24,702,000. California State Teachers Retirement System boosted its stake in shares of Power Solutions International by 4,236.2% during the 2nd quarter. California State Teachers Retirement System now owns 378,944 shares of the company's stock worth $14,737,000 after acquiring an additional 370,205 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Power Solutions International by 344.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company's stock worth $31,930,000 after acquiring an additional 251,883 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Power Solutions International during the 4th quarter valued at about $13,052,000. Institutional investors and hedge funds own 22.28% of the company's stock.

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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