Power Solutions International, Inc. (NASDAQ:PSIX – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $33.00 and last traded at $33.5020, with a volume of 44495 shares. The stock had previously closed at $34.52.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Freedom Capital lowered shares of Power Solutions International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group dropped their price objective on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating for the company in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Power Solutions International presently has an average rating of “Hold” and a consensus target price of $99.95.
View Our Latest Report on PSIX
Power Solutions International Price Performance
Institutional Trading of Power Solutions International
Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in Power Solutions International by 59.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 328,761 shares of the company’s stock valued at $20,229,000 after purchasing an additional 122,672 shares in the last quarter. Navellier & Associates Inc. raised its position in shares of Power Solutions International by 58.6% in the 4th quarter. Navellier & Associates Inc. now owns 101,729 shares of the company’s stock valued at $5,813,000 after purchasing an additional 37,569 shares in the last quarter. Ruffer LLP acquired a new position in shares of Power Solutions International in the 4th quarter valued at approximately $2,178,000. Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of Power Solutions International during the 4th quarter valued at approximately $5,898,000. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of Power Solutions International during the 4th quarter valued at approximately $13,052,000. Hedge funds and other institutional investors 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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