Power Solutions International (NASDAQ:PSIX) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Power Solutions International (NASDAQ:PSIX) from a buy rating to a hold rating in a report released on Saturday.

A number of other research firms also recently weighed in on PSIX. Weiss Ratings restated a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 29th. Jefferies Financial Group assumed coverage on shares of Power Solutions International in a research report on Monday, December 1st. They set a “buy” rating and a $110.51 price objective for the company. Finally, Loop Capital set a $107.00 target price on shares of Power Solutions International in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.26.

Power Solutions International Stock Performance

Power Solutions International stock opened at $52.15 on Friday. The company has a quick ratio of 1.19, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.20 billion, a PE ratio of 10.54 and a beta of 2.04. Power Solutions International has a 12-month low of $18.10 and a 12-month high of $121.78. The business’s 50-day moving average price is $75.86 and its two-hundred day moving average price is $77.80.

Institutional Trading of Power Solutions International

A number of hedge funds have recently made changes to their positions in PSIX. Federated Hermes Inc. bought a new stake in shares of Power Solutions International during the third quarter worth about $26,000. California State Teachers Retirement System bought a new position in Power Solutions International in the 2nd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd raised its holdings in 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 buying an additional 294 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Power Solutions International during the 2nd quarter worth approximately $43,000. Finally, State of Wyoming acquired a new stake in Power Solutions International during the 4th quarter worth approximately $49,000. 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.