Shares of Power Solutions International, Inc. (NASDAQ:PSIX – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $29.29 and last traded at $29.60, with a volume of 166793 shares traded. The stock had previously closed at $29.96.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Weiss Ratings cut Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Freedom Capital cut Power Solutions International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $99.95.
View Our Latest Stock Report on Power Solutions International
Power Solutions International Stock Down 7.2%
Institutional Trading of Power Solutions International
Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in Power Solutions International by 59.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 328,761 shares of the company’s stock worth $20,229,000 after buying an additional 122,672 shares during the last quarter. Navellier & Associates Inc. increased its position in shares of Power Solutions International by 58.6% during the fourth quarter. Navellier & Associates Inc. now owns 101,729 shares of the company’s stock worth $5,813,000 after purchasing an additional 37,569 shares in the last quarter. Ruffer LLP acquired a new position in Power Solutions International in the 4th quarter valued at $2,178,000. Beacon Harbor Wealth Advisors Inc. acquired a new stake in Power Solutions International during the 4th quarter worth $5,898,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Power Solutions International in the fourth 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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