Power Solutions International (NASDAQ:PSIX) Shares Up 16% – Should You Buy?

Power Solutions International, Inc. (NASDAQ:PSIX) traded up 16% during trading on Friday . The stock traded as high as $79.16 and last traded at $78.82. 292,481 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 396,404 shares. The stock had previously closed at $67.95.

Wall Street Analysts Forecast Growth

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

Power Solutions International Stock Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.28. The business’s fifty day simple moving average is $67.16 and its 200-day simple moving average is $78.74. The firm has a market capitalization of $1.87 billion, a PE ratio of 15.39 and a beta of 2.11.

Power Solutions International (NASDAQ:PSIX) last released 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 firm had revenue of $203.83 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequent Planning LLC bought a new stake in shares of Power Solutions International in the fourth quarter worth about $352,000. ANTIPODES PARTNERS Ltd bought a new position in Power Solutions International during the fourth quarter valued at approximately $13,052,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Power Solutions International in the 4th quarter worth approximately $220,000. Meridian Wealth Management LLC purchased a new stake in shares of Power Solutions International during the 4th quarter worth approximately $209,000. Finally, Versor Investments LP raised its holdings in shares of Power Solutions International by 28.4% during the 4th quarter. Versor Investments LP now owns 3,600 shares of the company’s stock worth $206,000 after acquiring an additional 797 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

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.