Power Solutions International (NASDAQ:PSIX) Trading 10% Higher – Still a Buy?

Power Solutions International, Inc. (NASDAQ:PSIXGet Free Report) shares rose 10% during mid-day trading on Wednesday . The company traded as high as $66.20 and last traded at $66.95. Approximately 105,778 shares were traded during trading, a decline of 81% from the average daily volume of 564,114 shares. The stock had previously closed at $60.88.

Trending Headlines about Power Solutions International

Here are the key news stories impacting Power Solutions International this week:

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Loop Capital set a $107.00 price objective on shares of Power Solutions International in a research note 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 for the company in a research report on Tuesday, March 24th. Wall Street Zen lowered Power Solutions International from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Power Solutions International in a research report on Friday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.95.

Check Out Our Latest Stock Report on PSIX

Power Solutions International Stock Performance

The company has a market capitalization of $1.57 billion, a PE ratio of 13.75 and a beta of 2.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.77 and a current ratio of 3.15. The company has a 50 day moving average price of $72.31 and a 200 day moving average price of $74.22.

Hedge Funds Weigh In On Power Solutions International

A number of hedge funds have recently added to or reduced their stakes in PSIX. Rockefeller Capital Management L.P. increased its stake in Power Solutions International by 178.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,812 shares of the company’s stock valued at $104,000 after purchasing an additional 1,162 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Power Solutions International by 892.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,026 shares of the company’s stock worth $173,000 after acquiring an additional 2,721 shares during the period. Astoria Portfolio Advisors LLC. raised its stake in Power Solutions International by 4.9% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 6,712 shares of the company’s stock worth $384,000 after acquiring an additional 313 shares during the period. Virtu Financial LLC lifted its holdings in Power Solutions International by 37.3% in the fourth quarter. Virtu Financial LLC now owns 11,805 shares of the company’s stock worth $675,000 after acquiring an additional 3,208 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Power Solutions International in the fourth quarter valued at approximately $715,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Power Solutions International Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Power Solutions International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Solutions International and related companies with MarketBeat.com's FREE daily email newsletter.