Power Solutions International (NASDAQ:PSIX) Reaches New 1-Year Low – Should You Sell?

Power Solutions International, Inc. (NASDAQ:PSIX) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $35.13 and last traded at $34.3970, with a volume of 50560 shares trading hands. The stock had previously closed at $36.68.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PSIX shares. Freedom Capital lowered 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 objective on 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 lowered Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $99.95.

Power Solutions International Price Performance

The firm has a fifty day simple moving average of $45.76 and a 200 day simple moving average of $62.37. The company has a market capitalization of $790.50 million, a PE ratio of 7.69 and a beta of 2.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.81 and a current ratio of 3.42.

Hedge Funds Weigh In On Power Solutions International

Hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System bought a new position in Power Solutions International in the second quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $30,000 after acquiring an additional 294 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of Power Solutions International in the 1st quarter valued at $33,000. New York State Teachers Retirement System bought a new position in shares of Power Solutions International in the 1st quarter worth $48,000. Finally, State of Wyoming bought a new position in shares of Power Solutions International in the 4th quarter worth $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.