Power Solutions International (NASDAQ:PSIX) Rating Increased to Strong-Buy at Freedom Capital

Freedom Capital upgraded shares of Power Solutions International (NASDAQ:PSIX) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

Separately, Weiss Ratings downgraded shares of Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Power Solutions International currently has an average rating of “Buy” and a consensus price target of $99.95.

Power Solutions International Price Performance

Power Solutions International stock opened at $42.15 on Monday. Power Solutions International has a 52 week low of $25.28 and a 52 week high of $119.70. The company has a quick ratio of 1.81, a current ratio of 3.42 and a debt-to-equity ratio of 0.55. The firm’s 50-day simple moving average is $35.61 and its 200 day simple moving average is $56.00. The firm has a market capitalization of $972.40 million, a PE ratio of 14.29 and a beta of 2.01.

Power Solutions International (NASDAQ:PSIX) last posted its earnings results on Thursday, August 6th. The company reported $0.78 earnings per share for the quarter. Power Solutions International had a net margin of 10.03% and a return on equity of 39.20%. The firm had revenue of $152.54 million during the quarter.

Institutional Trading of Power Solutions International

Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System purchased a new stake in Power Solutions International during the 2nd quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its stake 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 purchasing an additional 294 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Power Solutions International in the 1st quarter valued at about $33,000. New York State Teachers Retirement System purchased a new position in Power Solutions International in the 1st quarter valued at about $48,000. Finally, State of Wyoming purchased a new position in Power Solutions International in the 4th quarter valued at about $49,000. 22.28% of the stock is currently owned by hedge funds and other 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.