Power Solutions International, Inc. (NASDAQ:PSIX – Get Free Report)’s stock price shot up 8% on Wednesday. The stock traded as high as $52.18 and last traded at $52.3110. Approximately 172,602 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 567,502 shares. The stock had previously closed at $48.43.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Freedom Capital raised shares of Power Solutions International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Power Solutions International in a research report on Thursday. One 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. According to data from MarketBeat, Power Solutions International presently has an average rating of “Buy” and a consensus price target of $99.95.
Get Our Latest Stock Report on PSIX
Power Solutions International Stock Performance
The company has a market capitalization of $1.04 billion, a P/E ratio of 15.13 and a beta of 2.01. The company’s 50 day moving average is $43.18 and its 200-day moving average is $45.46. 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 Trading of Power Solutions International
Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue increased its holdings in Power Solutions International by 15.1% during the third quarter. State of Alaska Department of Revenue now owns 9,383 shares of the company’s stock valued at $430,000 after buying an additional 1,229 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Power Solutions International by 146.6% during the 2nd quarter. Tidal Investments LLC now owns 72,447 shares of the company’s stock worth $2,817,000 after acquiring an additional 43,068 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Power Solutions International during the 2nd quarter worth $63,000. AlphaGrep UK Ltd purchased a new position in shares of Power Solutions International during the 2nd quarter worth $218,000. Finally, Triumph Capital Management grew its position in shares of Power Solutions International by 32.9% during the 2nd quarter. Triumph Capital Management now owns 4,924 shares of the company’s stock valued at $191,000 after acquiring an additional 1,219 shares during the period. Institutional investors own 22.28% of the company’s stock.
About Power Solutions International
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.
See Also
- Five stocks we like better than Power Solutions International
- Tractor Supply’s Q3 Beat Plants the Seeds for a Stock Rebound
- WD-40 Could Reward Patient Investors—Here’s Why
- NextEra and Dominion Have a Deal—Now Comes the Hard Part
- Microsoft’s Earnings Problem: Even Great May Not Be Enough
Receive News & Ratings for Power Solutions International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Solutions International and related companies with MarketBeat.com's FREE daily email newsletter.
