Power Solutions International (NASDAQ:PSIX) Sets New 12-Month Low – Here’s Why

Shares of Power Solutions International, Inc. (NASDAQ:PSIX) hit a new 52-week low during trading on Monday . The company traded as low as $29.45 and last traded at $29.8150, with a volume of 66489 shares traded. The stock had previously closed at $30.25.

Analyst Upgrades and Downgrades

PSIX has been the subject of several analyst reports. Freedom Capital cut shares of Power Solutions International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Jefferies Financial Group cut their price target on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating for the company in a report on Tuesday, March 24th. Finally, Weiss Ratings lowered shares of Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Power Solutions International presently has an average rating of “Hold” and a consensus target price of $99.95.

Power Solutions International Stock Up 6.3%

The stock has a market capitalization of $732.53 million, a price-to-earnings ratio of 7.16 and a beta of 2.00. The business has a 50-day moving average of $37.92 and a 200-day moving average of $59.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.81 and a current ratio of 3.42.

Institutional Trading of Power Solutions International

Several institutional investors have recently added to or reduced their stakes in PSIX. Truvestments Capital LLC boosted its stake in shares of Power Solutions International by 3.9% in the fourth quarter. Truvestments Capital LLC now owns 3,039 shares of the company’s stock valued at $174,000 after purchasing an additional 114 shares during the period. Creative Planning grew its holdings in shares of Power Solutions International by 1.8% in the third quarter. Creative Planning now owns 10,819 shares of the company’s stock valued at $1,063,000 after purchasing an additional 196 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Power Solutions International by 1.7% during the 4th quarter. Russell Investments Group Ltd. now owns 15,025 shares of the company’s stock worth $859,000 after buying an additional 249 shares during the period. Sequent Planning LLC increased its stake in Power Solutions International by 4.2% during the 1st quarter. Sequent Planning LLC now owns 6,423 shares of the company’s stock worth $391,000 after buying an additional 260 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Power Solutions International by 2,672.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock worth $30,000 after buying an additional 294 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Power Solutions International Company Profile

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.