Power Solutions International (NASDAQ:PSIX) Shares Down 7.3% – Time to Sell?

Power Solutions International, Inc. (NASDAQ:PSIX) fell 7.3% during trading on Tuesday . The stock traded as low as $36.28 and last traded at $36.0750. 680,945 shares changed hands during trading, a decline of 2% from the average session volume of 691,559 shares. The stock had previously closed at $38.93.

Key Power Solutions International News

Here are the key news stories impacting Power Solutions International this week:

• Positive Sentiment: No clearly positive company-specific catalysts were reported in the latest articles.
• Neutral Sentiment: Multiple law firms, including Rosen, Faruqi & Faruqi, Berger Montague, Schall, and others, reminded investors about the May 19 deadline to seek lead-plaintiff status in an existing securities class action. Article Title
• Neutral Sentiment: Bronstein, Gewirtz & Grossman said it filed a class action lawsuit against Power Solutions International and certain officers, seeking damages for alleged violations of federal securities laws. Article Title
• Negative Sentiment: The concentration of litigation headlines and deadline-driven solicitations may heighten investor concern about possible disclosure issues and legal costs, which can weigh on sentiment for PSIX. Article Title

Analyst Upgrades and Downgrades

Several research firms have commented on PSIX. Loop Capital set a $107.00 price objective on shares of Power Solutions International in a report on Wednesday, March 4th. Freedom Capital downgraded shares of Power Solutions International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of Power Solutions International from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Jefferies Financial Group lowered their price target on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating on the stock in a report on Tuesday, March 24th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $99.95.

Power Solutions International Price Performance

The business’s 50 day moving average is $64.30 and its two-hundred day moving average is $68.48. The firm has a market capitalization of $829.68 million, a PE ratio of 8.11 and a beta of 2.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.42 and a quick ratio of 1.81.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Power Solutions International by 38.9% during the third quarter. Vanguard Group Inc. now owns 502,381 shares of the company’s stock worth $49,344,000 after acquiring an additional 140,743 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Power Solutions International by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 466,204 shares of the company’s stock worth $28,382,000 after acquiring an additional 23,108 shares in the last quarter. Situational Awareness LP purchased a new position in shares of Power Solutions International during the fourth quarter worth approximately $24,702,000. Allspring Global Investments Holdings LLC raised its stake in shares of Power Solutions International by 59.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 328,761 shares of the company’s stock worth $20,229,000 after acquiring an additional 122,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Power Solutions International by 40.3% in the first quarter. Dimensional Fund Advisors LP now owns 283,241 shares of the company’s stock worth $17,240,000 after purchasing an additional 81,350 shares during the last quarter. 22.28% of the stock is owned by hedge funds and other institutional investors.

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.