Power Solutions International (NASDAQ:PSIX) Announces Quarterly Earnings Results

Power Solutions International (NASDAQ:PSIX) announced its earnings results on Monday. The company reported $1.03 EPS for the quarter, Zacks reports. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%.

Power Solutions International Stock Down 2.3 %

Shares of PSIX stock traded down $0.71 during trading on Monday, reaching $29.83. The company’s stock had a trading volume of 320,303 shares, compared to its average volume of 316,280. Power Solutions International has a 1-year low of $2.00 and a 1-year high of $45.74. The company has a 50-day simple moving average of $35.55. The firm has a market cap of $686.09 million, a P/E ratio of 12.64 and a beta of 1.04.

Insiders Place Their Bets

In related news, major shareholder Gary S. Winemaster sold 17,983 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $36.84, for a total transaction of $662,493.72. Following the completion of the transaction, the insider now directly owns 2,981,119 shares of the company’s stock, valued at $109,824,423.96. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

Power Solutions International Company Profile

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.