Power Solutions International (NASDAQ:PSIX) Trading Up 6% – Should You Buy?

Power Solutions International, Inc. (NASDAQ:PSIX)’s stock price rose 6% during trading on Wednesday . The stock traded as high as $56.50 and last traded at $55.71. Approximately 130,762 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 515,549 shares. The stock had previously closed at $52.56.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PSIX. Loop Capital set a $107.00 target price on Power Solutions International in a report on Wednesday, March 4th. Jefferies Financial Group started coverage on Power Solutions International in a research note on Monday, December 1st. They set a “buy” rating and a $110.51 target price on the stock. Wall Street Zen lowered shares of Power Solutions International from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Power Solutions International has an average rating of “Moderate Buy” and a consensus target price of $104.26.

Power Solutions International Price Performance

The company has a quick ratio of 1.77, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.30 billion, a P/E ratio of 11.42 and a beta of 2.04. The company’s 50-day simple moving average is $75.56 and its 200 day simple moving average is $77.03.

Hedge Funds Weigh In On Power Solutions International

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its stake in shares of Power Solutions International by 892.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,026 shares of the company’s stock valued at $173,000 after acquiring an additional 2,721 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its stake in shares of Power Solutions International by 4.9% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 6,712 shares of the company’s stock worth $384,000 after buying an additional 313 shares during the last quarter. Virtu Financial LLC grew its stake in Power Solutions International by 37.3% in the 4th quarter. Virtu Financial LLC now owns 11,805 shares of the company’s stock valued at $675,000 after buying an additional 3,208 shares during the last quarter. XTX Topco Ltd bought a new position in Power Solutions International in the 4th quarter worth $715,000. Finally, Valiant Capital Management L.P. lifted its position in Power Solutions International by 3.8% during the 4th quarter. Valiant Capital Management L.P. now owns 40,401 shares of the company’s stock worth $2,309,000 after acquiring an additional 1,475 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors.

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.