Power Solutions International (OTCMKTS:PSIX) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Power Solutions International, Inc. (OTCMKTS:PSIX) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $19.69 and traded as high as $22.41. Power Solutions International shares last traded at $18.60, with a volume of 529,074 shares trading hands.

Analysts Set New Price Targets

Separately, Craig Hallum upped their price target on shares of Power Solutions International from $10.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th.

Power Solutions International Stock Down 19.4 %

The firm’s 50-day simple moving average is $19.81 and its 200-day simple moving average is $11.21. The firm has a market capitalization of $427.61 million, a PE ratio of 9.54 and a beta of 0.92.

Power Solutions International (OTCMKTS:PSIX) last posted its earnings results on Monday, August 12th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36. The company had revenue of $110.59 million during the quarter. Power Solutions International had a net margin of 10.51% and a return on equity of 1,360.71%.

About Power Solutions International

Power Solutions International, Inc designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally. The company offers engine blocks integrated with fuel system parts, as well as completely packaged power systems, that include combinations of front accessory drives, cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes, packaging, telematics, and other assembled componentry.