Power Solutions International (NASDAQ:PSIX) Posts Earnings Results

Power Solutions International (NASDAQ:PSIX) released its quarterly earnings data on Thursday. The company reported $1.30 EPS for the quarter, FiscalAI reports. Power Solutions International had a net margin of 10.03% and a return on equity of 37.73%. The company had revenue of $202.07 million during the quarter.

Power Solutions International Price Performance

PSIX stock traded down $3.80 during trading on Thursday, hitting $35.87. 1,032,187 shares of the stock traded hands, compared to its average volume of 565,066. Power Solutions International has a one year low of $25.28 and a one year high of $106.50. The stock has a market cap of $827.52 million, a price-to-earnings ratio of 12.16 and a beta of 2.08. The company has a 50 day simple moving average of $44.79 and a 200 day simple moving average of $52.61. The company has a current ratio of 2.57, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Power Solutions International in a research report on Thursday, October 22nd. Freedom Capital upgraded shares of Power Solutions International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Power Solutions International has an average rating of “Buy” and a consensus target price of $99.95.

Institutional Trading of Power Solutions International

Several large investors have recently added to or reduced their stakes in PSIX. Global Assets Advisory LLC bought a new position in shares of Power Solutions International in the first quarter valued at approximately $33,000. New York State Teachers Retirement System bought a new position in shares of Power Solutions International in the first quarter valued at about $48,000. Integrated Wealth Concepts LLC acquired a new position in Power Solutions International during the 2nd quarter worth about $63,000. Rockefeller Capital Management L.P. lifted its position in Power Solutions International by 178.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,812 shares of the company’s stock worth $104,000 after buying an additional 1,162 shares in the last quarter. Finally, Hamilton Wealth LLC acquired a new position in Power Solutions International during the 1st quarter worth about $120,000. 22.28% of the stock is owned by institutional investors.

About Power Solutions International

Power Solutions International, Inc (NASDAQ: PSIX) designs, engineers, manufactures and distributes power systems and engines for a range of commercial, industrial and specialty applications. The company develops powertrain solutions intended to meet the performance, emissions and packaging requirements of original equipment manufacturers and end users.

Its product portfolio includes engines powered by gasoline, diesel, natural gas and propane, along with related electronic controls, fuel systems and power-management technologies.