Power Solutions International (NASDAQ:PSIX) Stock Price Up 5.1% – Time to Buy?

by · The Markets Daily

Power Solutions International, Inc. (NASDAQ:PSIX – Get Free Report) was up 5.1% during trading on Monday . The stock traded as high as $66.65 and last traded at $66.16. Approximately 40,547 shares traded hands during trading, a decline of 92% from the average daily volume of 524,240 shares. The stock had previously closed at $62.95.

Analysts Set New Price Targets

PSIX has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 8th. Wall Street Zen lowered shares of Power Solutions International from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Jefferies Financial Group started coverage on Power Solutions International in a report on Monday, December 1st. They issued a “buy” rating and a $110.51 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.51.

Read Our Latest Stock Analysis on PSIX

Power Solutions International Stock Performance

The firm has a 50 day moving average price of $71.34 and a 200-day moving average price of $76.79. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 1.19. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.51 and a beta of 2.01.

Power Solutions International (NASDAQ:PSIX – Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $1.20 earnings per share for the quarter. The firm had revenue of $203.83 million for the quarter. Power Solutions International had a net margin of 17.94% and a return on equity of 109.04%.

Institutional Investors Weigh In On Power Solutions International

Several institutional investors have recently modified their holdings of PSIX. Caitong International Asset Management Co. Ltd grew its stake in shares of Power Solutions International by 2,672.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock worth $30,000 after purchasing an additional 294 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Power Solutions International by 90.8% during the 3rd quarter. Advisory Services Network LLC now owns 6,776 shares of the company’s stock worth $666,000 after buying an additional 3,224 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Power Solutions International during the 3rd quarter worth about $499,000. Voleon Capital Management LP purchased a new position in shares of Power Solutions International in the 3rd quarter valued at about $1,337,000. Finally, Verition Fund Management LLC raised its position in shares of Power Solutions International by 17.2% during the 3rd quarter. Verition Fund Management LLC now owns 21,527 shares of the company’s stock worth $2,114,000 after acquiring an additional 3,154 shares in the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

Power Solutions International Company Profile

(Get Free Report)

Power Solutions International, Inc engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial, and transportation end markets.

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