Power Solutions International (NASDAQ:PSIX) Trading Up 7.9% – What’s Next?

Power Solutions International, Inc. (NASDAQ:PSIX) shares were up 7.9% on Thursday . The stock traded as high as $40.65 and last traded at $41.2980. Approximately 103,214 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 679,215 shares. The stock had previously closed at $38.29.

Analyst Ratings Changes

Several research analysts have weighed in on PSIX shares. Freedom Capital downgraded shares of Power Solutions International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Loop Capital set a $107.00 price target on shares of Power Solutions International in a research report on Wednesday, March 4th. Jefferies Financial Group decreased their price target 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. Weiss Ratings downgraded shares of Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Power Solutions International from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $99.95.

Power Solutions International Stock Up 0.3%

The stock has a market capitalization of $938.60 million, a P/E ratio of 9.17 and a beta of 2.00. The company’s 50-day moving average price is $57.67 and its 200 day moving average price is $64.64. 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 and hedge funds have recently modified their holdings of PSIX. California State Teachers Retirement System bought a new stake in Power Solutions International in the 2nd quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased 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 acquiring an additional 294 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Power Solutions International in the 1st quarter valued at $33,000. New York State Teachers Retirement System bought a new stake in Power Solutions International in the 1st quarter valued at $48,000. Finally, State of Wyoming bought a new stake in Power Solutions International in the 4th quarter valued at $49,000. 22.28% of the stock is currently owned by institutional investors.

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.