Power Solutions International (NASDAQ:PSIX) Stock Price Down 10.8% – What’s Next?

Power Solutions International, Inc. (NASDAQ:PSIX) shares traded down 10.8% during mid-day trading on Wednesday. The stock traded as low as $47.43 and last traded at $47.4270. Approximately 546,512 shares were traded during trading, a decline of 4% from the average daily volume of 571,242 shares. The stock had previously closed at $53.14.

Analyst Upgrades and Downgrades

PSIX has been the topic of several research analyst reports. Freedom Capital upgraded shares of Power Solutions International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings downgraded shares of Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $99.95.

Power Solutions International Trading Down 1.1%

The company’s 50 day moving average price is $42.52 and its two-hundred day moving average price is $45.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.57 and a quick ratio of 1.49. The stock has a market capitalization of $1.15 billion, a PE ratio of 16.97 and a beta of 2.01.

Institutional Investors Weigh In On Power Solutions International

A number of large investors have recently made changes to their positions in the stock. Sequent Planning LLC lifted its position in Power Solutions International by 4.2% during the first quarter. Sequent Planning LLC now owns 6,423 shares of the company’s stock worth $391,000 after buying an additional 260 shares in the last quarter. Strs Ohio grew its holdings in Power Solutions International by 16.7% in the 1st quarter. Strs Ohio now owns 2,100 shares of the company’s stock valued at $128,000 after buying an additional 300 shares in the last quarter. Astoria Portfolio Advisors LLC. grew its holdings in Power Solutions International by 4.9% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 6,712 shares of the company’s stock valued at $384,000 after buying an additional 313 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of Power Solutions International by 8.1% in the 1st quarter. Kestra Advisory Services LLC now owns 5,399 shares of the company’s stock worth $329,000 after acquiring an additional 405 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in shares of Power Solutions International in the 1st quarter worth $33,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

About Power Solutions International

Power Solutions International, Inc (NASDAQ:PSIX) designs, engineers, manufactures and sells power systems and engines for a range of industrial and commercial applications. The company develops both complete engines and integrated power solutions, with products designed to meet the performance, emissions and packaging requirements of original equipment manufacturers.

Its product portfolio includes engines powered by gasoline, diesel, natural gas, propane and other alternative fuels. These systems are used in on-road vehicles, off-road equipment, material-handling vehicles, agricultural and construction machinery, generators and other stationary power applications.