Power Solutions International (NASDAQ:PSIX) Trading Up 16.8% – What’s Next?

Power Solutions International, Inc. (NASDAQ:PSIX)’s share price rose 16.8% during mid-day trading on Tuesday . The stock traded as high as $33.83 and last traded at $33.6180. 109,194 shares changed hands during trading, a decline of 82% from the average daily volume of 619,833 shares. The stock had previously closed at $28.78.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings cut shares of Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. Freedom Capital lowered shares of Power Solutions International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Power Solutions International currently has an average rating of “Hold” and a consensus target price of $99.95.

Power Solutions International Stock Up 18.5%

The firm has a 50-day moving average price of $36.06 and a 200 day moving average price of $57.59. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.42 and a quick ratio of 1.81. The company has a market cap of $785.89 million, a price-to-earnings ratio of 7.68 and a beta of 2.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Situational Awareness LP acquired a new stake in shares of Power Solutions International during the fourth quarter worth $24,702,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Power Solutions International by 344.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company’s stock valued at $31,930,000 after acquiring an additional 251,883 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Power Solutions International in the fourth quarter valued at about $13,052,000. SG Americas Securities LLC increased its position in Power Solutions International by 12,036.6% during the first quarter. SG Americas Securities LLC now owns 216,395 shares of the company’s stock worth $13,174,000 after acquiring an additional 214,612 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Power Solutions International by 802.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 201,891 shares of the company’s stock worth $11,538,000 after purchasing an additional 179,511 shares in the last quarter. 22.28% of the stock is 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.