Power Solutions International (NASDAQ:PSIX) Shares Gap Up – Should You Buy?

Shares of Power Solutions International, Inc. (NASDAQ:PSIX) gapped up before the market opened on Friday. The stock had previously closed at $35.87, but opened at $40.86. Power Solutions International shares last traded at $39.4370, with a volume of 182,147 shares.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Power Solutions International in a research note on Thursday, October 22nd. Freedom Capital raised Power Solutions International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $99.95.

Power Solutions International Stock Up 7.0%

The company has a current ratio of 2.57, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $885.68 million, a P/E ratio of 13.26 and a beta of 2.08. The firm’s 50 day moving average price is $44.78 and its two-hundred day moving average price is $52.41.

Power Solutions International (NASDAQ:PSIX) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.30 EPS for the quarter. Power Solutions International had a net margin of 10.03% and a return on equity of 37.73%. The business had revenue of $202.07 million for the quarter.

Institutional Investors Weigh In On Power Solutions International

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSIX. Newtyn Management LLC acquired a new position in shares of Power Solutions International during the 2nd quarter worth about $23,369,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Power Solutions International by 5.2% in 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. Dimensional Fund Advisors LP increased its position in shares of Power Solutions International by 40.3% in the first quarter. Dimensional Fund Advisors LP now owns 283,241 shares of the company’s stock valued at $17,240,000 after acquiring an additional 81,350 shares during the last quarter. First Trust Advisors LP increased its position in shares of Power Solutions International by 6.2% in the first quarter. First Trust Advisors LP now owns 86,123 shares of the company’s stock valued at $5,243,000 after acquiring an additional 5,049 shares during the last quarter. Finally, Tidal Investments LLC increased its position in shares of Power Solutions International by 146.6% in the second quarter. Tidal Investments LLC now owns 72,447 shares of the company’s stock valued at $2,817,000 after acquiring an additional 43,068 shares during the last quarter. 22.28% of the stock is owned by institutional investors.

About Power Solutions International

Power Solutions International, Inc (NASDAQ: PSIX) designs, engineers, manufactures and distributes power systems and engines for a range of commercial, industrial and specialty applications. The company develops powertrain solutions intended to meet the performance, emissions and packaging requirements of original equipment manufacturers and end users.

Its product portfolio includes engines powered by gasoline, diesel, natural gas and propane, along with related electronic controls, fuel systems and power-management technologies.