Power Solutions International (NASDAQ:PSIX) Trading Down 10% – Should You Sell?

Power Solutions International, Inc. (NASDAQ:PSIXGet Free Report) traded down 10% during trading on Monday . The company traded as low as $65.01 and last traded at $68.2910. 880,473 shares were traded during mid-day trading, an increase of 58% from the average session volume of 558,638 shares. The stock had previously closed at $75.91.

Key Headlines Impacting Power Solutions International

Here are the key news stories impacting Power Solutions International this week:

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Loop Capital set a $107.00 target price on shares of Power Solutions International in a research report on Wednesday, March 4th. Wall Street Zen cut shares of Power Solutions International from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group decreased their target price on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Finally, Weiss Ratings raised shares of Power Solutions International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $99.95.

Get Our Latest Research Report on PSIX

Power Solutions International Trading Up 18.7%

The company’s 50 day moving average price is $65.41 and its 200 day moving average price is $69.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.42 and a quick ratio of 1.77. The firm has a market cap of $1.04 billion, a PE ratio of 10.16 and a beta of 2.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PSIX. Federated Hermes Inc. purchased a new position in shares of Power Solutions International during the third quarter worth approximately $26,000. California State Teachers Retirement System purchased a new position in shares of Power Solutions International during the second quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd grew its position in shares of Power Solutions International by 2,672.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock worth $30,000 after acquiring an additional 294 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Power Solutions International during the first quarter worth approximately $33,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Power Solutions International during the first quarter worth approximately $48,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Power Solutions International Company Profile

(Get Free Report)

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.

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