Power Solutions International (NASDAQ:PSIX) Shares Down 5.1% – Time to Sell?

Power Solutions International, Inc. (NASDAQ:PSIX) shares traded down 5.1% during mid-day trading on Wednesday . The company traded as low as $69.26 and last traded at $69.26. 80,316 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 380,327 shares. The stock had previously closed at $72.99.

Analysts Set New Price Targets

PSIX has been the topic of a number of recent research reports. Jefferies Financial Group started coverage on shares of Power Solutions International in a research report on Monday, December 1st. They issued a “buy” rating and a $110.51 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Power Solutions International in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Power Solutions International from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.51.

Power Solutions International Stock Up 0.7%

The company’s 50-day simple moving average is $61.94 and its two-hundred day simple moving average is $78.74. The firm has a market capitalization of $1.75 billion, a P/E ratio of 14.27 and a beta of 2.02. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 1.19.

Power Solutions International (NASDAQ:PSIX) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.20 EPS for the quarter. The firm had revenue of $203.83 million during the quarter. Power Solutions International had a return on equity of 109.04% and a net margin of 17.94%.

Institutional Investors Weigh In On Power Solutions International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSIX. Allspring Global Investments Holdings LLC lifted its holdings in Power Solutions International by 59.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 328,761 shares of the company’s stock valued at $20,229,000 after purchasing an additional 122,672 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Power Solutions International by 184.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 8,990 shares of the company’s stock valued at $514,000 after buying an additional 5,824 shares in the last quarter. World Equity Group Inc. boosted its holdings in Power Solutions International by 7.2% in the 4th quarter. World Equity Group Inc. now owns 15,740 shares of the company’s stock worth $899,000 after buying an additional 1,052 shares during the period. Bay Rivers Group increased its stake in Power Solutions International by 64.6% in the 4th quarter. Bay Rivers Group now owns 7,786 shares of the company’s stock worth $445,000 after buying an additional 3,056 shares in the last quarter. Finally, GK Wealth Management LLC raised its holdings in Power Solutions International by 41.5% during the fourth quarter. GK Wealth Management LLC now owns 9,739 shares of the company’s stock valued at $556,000 after acquiring an additional 2,858 shares during the period. Institutional investors own 22.28% of the company’s stock.

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.