Power Solutions International (NASDAQ:PSIX) Sets New 12-Month Low – Should You Sell?

Power Solutions International, Inc. (NASDAQ:PSIX) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $29.29 and last traded at $29.60, with a volume of 166793 shares changing hands. The stock had previously closed at $29.96.

Wall Street Analyst Weigh In

PSIX has been the subject of several analyst reports. Weiss Ratings cut Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Freedom Capital downgraded Power Solutions International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Power Solutions International currently has a consensus rating of “Hold” and a consensus price target of $99.95.

Power Solutions International Trading Down 1.8%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.81 and a current ratio of 3.42. The business’s 50-day moving average is $37.30 and its two-hundred day moving average is $59.27. The stock has a market capitalization of $678.36 million, a PE ratio of 6.64 and a beta of 2.00.

Institutional Investors Weigh In On Power Solutions International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Power Solutions International by 38.9% during the 3rd quarter. Vanguard Group Inc. now owns 502,381 shares of the company’s stock worth $49,344,000 after buying an additional 140,743 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Power Solutions International by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 466,204 shares of the company’s stock valued at $28,382,000 after acquiring an additional 23,108 shares in the last quarter. Situational Awareness LP acquired a new position in Power Solutions International during the 4th quarter worth approximately $24,702,000. Allspring Global Investments Holdings LLC lifted its holdings in Power Solutions International by 59.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 328,761 shares of the company’s stock worth $20,229,000 after buying an additional 122,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Power Solutions International by 40.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 283,241 shares of the company’s stock valued at $17,240,000 after purchasing an additional 81,350 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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.