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

Power Solutions International (NASDAQ:PSIX) released its quarterly earnings data on Thursday. The company reported $0.83 EPS for the quarter, Zacks reports. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%.

Power Solutions International Trading Up 7.4 %

Shares of PSIX opened at $27.75 on Friday. Power Solutions International has a 12-month low of $2.51 and a 12-month high of $45.74. The company has a market cap of $638.47 million, a P/E ratio of 11.76 and a beta of 1.09. The firm’s 50-day simple moving average is $26.36.

Insider Buying and Selling

In other Power Solutions International news, major shareholder Gary S. Winemaster sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $23.27, for a total transaction of $46,540.00. Following the sale, the insider now owns 2,944,281 shares in the company, valued at $68,513,418.87. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Craig Hallum reissued a “buy” rating on shares of Power Solutions International in a report on Tuesday, March 25th.

Power Solutions International Company Profile

Power Solutions International, Inc engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial, and transportation end markets.