Power Solutions International (NASDAQ:PSIX) Shares Up 5.1% – What’s Next?

Power Solutions International, Inc. (NASDAQ:PSIX)’s stock price traded up 5.1% on Monday . The stock traded as high as $66.65 and last traded at $66.16. 40,547 shares were traded during trading, a decline of 92% from the average session volume of 524,240 shares. The stock had previously closed at $62.95.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PSIX shares. Weiss Ratings restated a “hold (c+)” rating on shares of Power Solutions International in a report on Monday, December 8th. Wall Street Zen downgraded shares of Power Solutions International from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Jefferies Financial Group started coverage on Power Solutions International in a report on Monday, December 1st. They set a “buy” rating and a $110.51 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Power Solutions International currently has an average rating of “Moderate Buy” and a consensus target price of $101.51.

Power Solutions International Stock Performance

The stock has a market cap of $1.52 billion, a PE ratio of 12.51 and a beta of 2.01. The firm’s 50-day moving average is $71.34 and its 200 day moving average is $76.79. 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) last announced its earnings results on Thursday, November 6th. The company reported $1.20 EPS for the quarter. Power Solutions International had a net margin of 17.94% and a return on equity of 109.04%. The business had revenue of $203.83 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its stake in shares of Power Solutions International by 2,672.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock worth $30,000 after purchasing an additional 294 shares during the last quarter. Advisory Services Network LLC increased its stake in Power Solutions International by 90.8% in the 3rd quarter. Advisory Services Network LLC now owns 6,776 shares of the company’s stock valued at $666,000 after buying an additional 3,224 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Power Solutions International during the 3rd quarter worth $499,000. Voleon Capital Management LP acquired a new stake in shares of Power Solutions International in the 3rd quarter worth $1,337,000. Finally, Verition Fund Management LLC boosted its holdings in shares of Power Solutions International by 17.2% in the third quarter. Verition Fund Management LLC now owns 21,527 shares of the company’s stock valued at $2,114,000 after acquiring an additional 3,154 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

About Power Solutions International

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.