Power Solutions International (NASDAQ:PSIX) Issues Quarterly Earnings Results

Power Solutions International (NASDAQ:PSIX) announced its quarterly earnings results on Thursday. The company reported $1.30 EPS for the quarter, FiscalAI reports. Power Solutions International had a return on equity of 37.73% and a net margin of 10.03%. The company had revenue of $202.07 million for the quarter.

Power Solutions International Stock Performance

NASDAQ PSIX traded up $2.46 during trading on Friday, hitting $38.33. The company’s stock had a trading volume of 629,708 shares, compared to its average volume of 565,277. Power Solutions International has a 52 week low of $25.28 and a 52 week high of $106.50. The firm has a market cap of $884.30 million, a P/E ratio of 12.99 and a beta of 2.08. The firm has a 50 day moving average price of $44.78 and a 200 day moving average price of $52.41. The company has a quick ratio of 1.49, a current ratio of 2.57 and a debt-to-equity ratio of 0.35.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Freedom Capital raised shares of Power Solutions International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Power Solutions International in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $99.95.

Institutional Investors Weigh In On Power Solutions International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Newtyn Management LLC acquired a new stake in shares of Power Solutions International during the 2nd quarter worth approximately $23,369,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Power Solutions International by 5.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 466,204 shares of the company’s stock valued at $28,382,000 after purchasing an additional 23,108 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Power Solutions International by 40.3% in the first quarter. Dimensional Fund Advisors LP now owns 283,241 shares of the company’s stock valued at $17,240,000 after purchasing an additional 81,350 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Power Solutions International by 6.2% in the first quarter. First Trust Advisors LP now owns 86,123 shares of the company’s stock valued at $5,243,000 after purchasing an additional 5,049 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in Power Solutions International by 146.6% in the second quarter. Tidal Investments LLC now owns 72,447 shares of the company’s stock worth $2,817,000 after purchasing an additional 43,068 shares during the period. Institutional investors and hedge funds own 22.28% of the company’s stock.

Power Solutions International Company Profile

Power Solutions International, Inc (NASDAQ: PSIX) designs, engineers, manufactures and distributes power systems and engines for a range of commercial, industrial and specialty applications. The company develops powertrain solutions intended to meet the performance, emissions and packaging requirements of original equipment manufacturers and end users.

Its product portfolio includes engines powered by gasoline, diesel, natural gas and propane, along with related electronic controls, fuel systems and power-management technologies.