Power Solutions International (NASDAQ:PSIX) Shares Gap Up – Should You Buy?

Power Solutions International, Inc. (NASDAQ:PSIX) shares gapped up prior to trading on Tuesday . The stock had previously closed at $34.97, but opened at $36.39. Power Solutions International shares last traded at $35.6270, with a volume of 19,100 shares trading hands.

Wall Street Analyst Weigh In

PSIX has been the topic of a number of analyst reports. Weiss Ratings cut Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. Freedom Capital raised Power Solutions International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $99.95.

Power Solutions International Trading Up 1.1%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.49 and a current ratio of 2.57. The stock has a market capitalization of $845.28 million, a P/E ratio of 12.42 and a beta of 2.01. The stock has a 50-day moving average price of $35.30 and a two-hundred day moving average price of $53.20.

Power Solutions International (NASDAQ:PSIX) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.78 EPS for the quarter. The company had revenue of $152.54 million during the quarter. Power Solutions International had a return on equity of 37.73% and a net margin of 10.03%.

Institutional Trading of Power Solutions International

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new position in shares of Power Solutions International during the first quarter valued at approximately $625,000. Acadian Asset Management LLC purchased a new stake in shares of Power Solutions International in the 1st quarter worth approximately $112,000. JPMorgan Chase & Co. increased its position in Power Solutions International by 36.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,097 shares of the company’s stock valued at $200,000 after buying an additional 821 shares in the last quarter. Legal & General Group Plc bought a new position in Power Solutions International during the 2nd quarter valued at approximately $361,000. Finally, Rhumbline Advisers purchased a new position in Power Solutions International during the second quarter valued at $610,000. 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.