Power Solutions International (NASDAQ:PSIX) Trading Up 7.7% – Still a Buy?

Shares of Power Solutions International, Inc. (NASDAQ:PSIX) shot up 7.7% on Thursday . The company traded as high as $76.77 and last traded at $76.50. 144,610 shares were traded during trading, a decline of 62% from the average session volume of 384,403 shares. The stock had previously closed at $71.00.

Wall Street Analyst Weigh In

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

Power Solutions International Trading Up 7.7%

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 has a fifty day simple moving average of $61.85 and a 200 day simple moving average of $78.68. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 14.54 and a beta of 2.02.

Power Solutions International (NASDAQ:PSIX) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.20 earnings per share (EPS) for the quarter. The business had revenue of $203.83 million for the quarter. Power Solutions International had a return on equity of 109.04% and a net margin of 17.94%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PSIX. Creative Planning grew its position in Power Solutions International by 1.8% during the third quarter. Creative Planning now owns 10,819 shares of the company’s stock valued at $1,063,000 after acquiring an additional 196 shares during the period. Federated Hermes Inc. acquired a new position in shares of Power Solutions International in the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Power Solutions International by 2,672.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock valued at $30,000 after purchasing an additional 294 shares in the last quarter. Wolff Wiese Magana LLC purchased a new stake in shares of Power Solutions International during the 2nd quarter worth about $26,000. Finally, California State Teachers Retirement System acquired a new stake in Power Solutions International during the 2nd quarter worth approximately $26,000. 22.28% of the stock is owned by hedge funds and other 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.