Power Solutions International (NASDAQ:PSIX) Shares Climb 5.4% – Still a Buy?

Power Solutions International, Inc. (NASDAQ:PSIX)’s share price was up 5.4% on Tuesday. The stock traded as high as $52.55 and last traded at $52.8010. 224,163 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 571,263 shares. The stock had previously closed at $50.10.

Analyst Ratings Changes

PSIX has been the topic of several research analyst reports. Freedom Capital upgraded shares of Power Solutions International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings lowered Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $99.95.

Power Solutions International Trading Up 6.7%

The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 16.86 and a beta of 2.01. 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 fifty day moving average of $42.17 and a two-hundred day moving average of $46.06.

Institutional Trading of Power Solutions International

Large investors have recently modified their holdings of the company. Sequent Planning LLC increased its position in Power Solutions International by 4.2% in the 1st quarter. Sequent Planning LLC now owns 6,423 shares of the company’s stock worth $391,000 after buying an additional 260 shares during the period. Strs Ohio lifted its holdings in shares of Power Solutions International by 16.7% during the first quarter. Strs Ohio now owns 2,100 shares of the company’s stock worth $128,000 after buying an additional 300 shares during the last quarter. Astoria Portfolio Advisors LLC. boosted its position in shares of Power Solutions International by 4.9% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 6,712 shares of the company’s stock valued at $384,000 after acquiring an additional 313 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Power Solutions International by 8.1% in the first quarter. Kestra Advisory Services LLC now owns 5,399 shares of the company’s stock valued at $329,000 after acquiring an additional 405 shares during the period. Finally, Global Assets Advisory LLC bought a new stake in shares of Power Solutions International in the first quarter valued at approximately $33,000. 22.28% of the stock is owned by institutional investors.

About Power Solutions International

Power Solutions International, Inc (NASDAQ:PSIX) designs, engineers, manufactures and sells power systems and engines for a range of industrial and commercial applications. The company develops both complete engines and integrated power solutions, with products designed to meet the performance, emissions and packaging requirements of original equipment manufacturers.

Its product portfolio includes engines powered by gasoline, diesel, natural gas, propane and other alternative fuels. These systems are used in on-road vehicles, off-road equipment, material-handling vehicles, agricultural and construction machinery, generators and other stationary power applications.