Power Solutions International (NASDAQ:PSIX) Shares Up 7.4% – Should You Buy?

Power Solutions International, Inc. (NASDAQ:PSIX) shares traded up 7.4% on Wednesday . The company traded as high as $67.26 and last traded at $66.50. 166,715 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 523,232 shares. The stock had previously closed at $61.94.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Power Solutions International in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Power Solutions International currently has an average rating of “Buy”.

Power Solutions International Stock Up 4.3%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.65 and a current ratio of 1.26. The stock’s fifty day simple moving average is $90.35 and its two-hundred day simple moving average is $72.85. The stock has a market capitalization of $1.49 billion, a P/E ratio of 13.44 and a beta of 1.59.

Power Solutions International (NASDAQ:PSIX) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.20 earnings per share (EPS) for the quarter. The firm had revenue of $203.83 million during the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 136.57%.

Insider Activity at Power Solutions International

In other Power Solutions International news, Director Frank P. Simpkins sold 10,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $91.64, for a total transaction of $916,400.00. Following the completion of the sale, the director owned 25,000 shares of the company’s stock, valued at approximately $2,291,000. This represents a 28.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder America Corp. Weichai sold 79,839 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $93.46, for a total transaction of $7,461,752.94. Following the completion of the transaction, the insider owned 10,599,759 shares in the company, valued at $990,653,476.14. This trade represents a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 177,509 shares of company stock worth $15,576,677 over the last ninety days. Insiders own 0.96% of the company’s stock.

Institutional Trading of Power Solutions International

A number of large investors have recently bought and sold shares of PSIX. Wolff Wiese Magana LLC acquired a new position in shares of Power Solutions International in the 2nd quarter valued at about $26,000. Federated Hermes Inc. bought a new stake in Power Solutions International in the third quarter worth approximately $26,000. California State Teachers Retirement System acquired a new position in Power Solutions International in the second quarter valued at approximately $26,000. Vestcor Inc acquired a new position in Power Solutions International in the first quarter valued at approximately $29,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Power Solutions International during the 2nd quarter worth approximately $43,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

About Power Solutions International

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.