Power Solutions International (NASDAQ:PSIX) Shares Up 6.9% – Should You Buy?

Shares of Power Solutions International, Inc. (NASDAQ:PSIX) shot up 6.9% during mid-day trading on Friday . The company traded as high as $38.53 and last traded at $38.94. 95,477 shares were traded during trading, a decline of 84% from the average session volume of 594,686 shares. The stock had previously closed at $36.42.

Analysts Set New Price Targets

PSIX has been the subject of a number of recent analyst reports. Freedom Capital upgraded Power Solutions International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings lowered Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $99.95.

Power Solutions International Stock Up 8.8%

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 business’s 50 day moving average price is $34.94 and its 200 day moving average price is $51.01. The firm has a market cap of $914.22 million, a PE ratio of 13.49 and a beta of 2.11.

Power Solutions International (NASDAQ:PSIX) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.78 earnings per share for the quarter. Power Solutions International had a net margin of 10.03% and a return on equity of 37.73%. The firm had revenue of $152.54 million for the quarter.

Institutional Trading of Power Solutions International

A number of institutional investors have recently made changes to their positions in the company. Newtyn Management LLC purchased a new stake in shares of Power Solutions International during the second quarter worth approximately $23,369,000. Vanguard Group Inc. grew its holdings in shares of Power Solutions International by 38.9% during the third quarter. Vanguard Group Inc. now owns 502,381 shares of the company’s stock worth $49,344,000 after buying an additional 140,743 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Power Solutions International by 5.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 466,204 shares of the company’s stock worth $28,382,000 after buying an additional 23,108 shares in the last quarter. Situational Awareness LP purchased a new stake in shares of Power Solutions International during the fourth quarter worth $24,702,000. Finally, California State Teachers Retirement System raised its position in shares of Power Solutions International by 4,236.2% in the second quarter. California State Teachers Retirement System now owns 378,944 shares of the company’s stock valued at $14,737,000 after buying an additional 370,205 shares during 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.