Power Solutions International (NASDAQ:PSIX – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.
PSIX has been the topic of several other reports. Freedom Capital upgraded Power Solutions International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Power Solutions International in a report on Thursday, October 22nd. One investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $99.95.
View Our Latest Research Report on Power Solutions International
Power Solutions International Trading Up 9.2%
Shares of NASDAQ:PSIX opened at $39.16 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.57 and a debt-to-equity ratio of 0.35. Power Solutions International has a 12 month low of $25.28 and a 12 month high of $106.50. The firm has a market cap of $903.42 million, a price-to-earnings ratio of 12.84 and a beta of 2.08. The company’s fifty day simple moving average is $44.81 and its 200 day simple moving average is $52.22.
Power Solutions International (NASDAQ:PSIX – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $1.30 EPS for the quarter. The firm had revenue of $202.07 million during the quarter. Power Solutions International had a return on equity of 37.73% and a net margin of 10.03%.
Institutional Trading of Power Solutions International
Hedge funds and other institutional investors have recently modified their holdings of the company. Newtyn Management LLC acquired a new position in Power Solutions International during the second quarter worth about $23,369,000. Arrowstreet Capital Limited Partnership lifted its position in Power Solutions International by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 466,204 shares of the company’s stock valued at $28,382,000 after acquiring an additional 23,108 shares during the period. Dimensional Fund Advisors LP raised its stake in Power Solutions International by 40.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 283,241 shares of the company’s stock valued at $17,240,000 after buying an additional 81,350 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Power Solutions International by 6.2% in the first quarter. First Trust Advisors LP now owns 86,123 shares of the company’s stock valued at $5,243,000 after acquiring an additional 5,049 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in Power Solutions International by 146.6% during the second 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. Institutional investors and hedge funds 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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