Wall Street Zen Downgrades Power Solutions International (NASDAQ:PSIX) to Buy

by · The Markets Daily

Power Solutions International (NASDAQ:PSIX – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

PSIX has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a research report on Monday, December 8th. 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 for the company. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $101.51.

Check Out Our Latest Stock Report on Power Solutions International

Power Solutions International Stock Down 4.3%

Shares of Power Solutions International stock opened at $62.95 on Friday. The business’s 50 day simple moving average is $71.34 and its 200 day simple moving average is $76.79. Power Solutions International has a 52-week low of $15.30 and a 52-week high of $121.78. The firm has a market cap of $1.45 billion, a PE ratio of 11.97 and a beta of 2.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.28.

Power Solutions International (NASDAQ:PSIX – Get Free Report) last released its quarterly 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 during the quarter. Power Solutions International had a return on equity of 109.04% and a net margin of 17.94%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PSIX. Vanguard Group Inc. lifted its stake in Power Solutions International by 38.9% in the 3rd quarter. Vanguard Group Inc. now owns 502,381 shares of the company’s stock valued at $49,344,000 after purchasing an additional 140,743 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Power Solutions International by 344.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company’s stock valued at $31,930,000 after buying an additional 251,883 shares during the period. Busey Bank bought a new stake in Power Solutions International in the third quarter valued at approximately $21,608,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Power Solutions International in the third quarter valued at approximately $19,001,000. Finally, Portolan Capital Management LLC bought a new position in shares of Power Solutions International during the 3rd quarter worth approximately $19,232,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

About Power Solutions International

(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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