Power Solutions International (NASDAQ:PSIX) Upgraded to Strong-Buy at Freedom Capital

Power Solutions International (NASDAQ:PSIX) was upgraded by equities research analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings downgraded Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $99.95.

Power Solutions International Trading Down 2.0%

Shares of Power Solutions International stock opened at $42.15 on Monday. Power Solutions International has a 12-month low of $25.28 and a 12-month high of $119.70. The stock has a market capitalization of $972.40 million, a P/E ratio of 14.29 and a beta of 2.01. The company has a 50-day simple moving average of $35.61 and a 200 day simple moving average of $56.00. The company has a quick ratio of 1.81, a current ratio of 3.42 and a debt-to-equity ratio of 0.55.

Power Solutions International (NASDAQ:PSIX) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.78 earnings per share for the quarter. The firm had revenue of $152.54 million for the quarter. Power Solutions International had a net margin of 10.03% and a return on equity of 39.20%.

Hedge Funds Weigh In On Power Solutions International

A number of large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew 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 valued at $30,000 after purchasing an additional 294 shares during the last quarter. California State Teachers Retirement System bought a new position in Power Solutions International in the 2nd quarter worth approximately $26,000. Global Assets Advisory LLC bought a new position in Power Solutions International in the 1st quarter worth approximately $33,000. New York State Teachers Retirement System acquired a new position in Power Solutions International during the 1st quarter worth $48,000. Finally, State of Wyoming acquired a new position in Power Solutions International during the 4th quarter worth $49,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

About Power Solutions International

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.