Power Solutions International (NASDAQ:PSIX – Get Free Report) posted its earnings results on Monday. The company reported $0.36 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $128.59 million during the quarter. Power Solutions International had a net margin of 15.78% and a return on equity of 81.58%.
Power Solutions International Stock Down 17.7%
NASDAQ PSIX traded down $13.46 on Monday, reaching $62.45. The company had a trading volume of 2,781,097 shares, compared to its average volume of 579,651. The firm has a market capitalization of $1.44 billion, a PE ratio of 12.62 and a beta of 2.21. Power Solutions International has a 1 year low of $31.00 and a 1 year high of $121.78. The firm has a 50-day moving average of $68.12 and a 200-day moving average of $70.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.15 and a quick ratio of 1.77.
Hedge Funds Weigh In On Power Solutions International
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. purchased a new position in shares of Power Solutions International during the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Power Solutions International by 2,672.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock valued at $30,000 after buying an additional 294 shares during the last quarter. California State Teachers Retirement System purchased a new position in shares of Power Solutions International during the 2nd quarter valued at approximately $26,000. Global Assets Advisory LLC purchased a new position in shares of Power Solutions International during the 1st quarter valued at approximately $33,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Power Solutions International during the 1st quarter valued at approximately $48,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Power Solutions International
Power Solutions International Company Profile
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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