Power Solutions International (OTCMKTS:PSIX) Issues Quarterly Earnings Results, Beats Expectations By $0.36 EPS

Power Solutions International (OTCMKTS:PSIX) issued its quarterly earnings results on Monday. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.36 by $0.36, Zacks reports. The company had revenue of $110.59 million for the quarter. Power Solutions International had a negative return on equity of 360.24% and a net margin of 6.78%.

Power Solutions International Stock Performance

PSIX traded down $0.86 during trading on Wednesday, hitting $11.55. The stock had a trading volume of 249,414 shares, compared to its average volume of 52,969. The company has a 50 day moving average price of $9.40 and a 200-day moving average price of $4.98. The firm has a market cap of $265.37 million, a price-to-earnings ratio of 8.95 and a beta of 0.88. Power Solutions International has a one year low of $1.70 and a one year high of $14.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.85 and a quick ratio of 0.49.

Analyst Ratings Changes

Separately, Craig Hallum boosted their price objective on Power Solutions International from $10.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday.

About Power Solutions International

Power Solutions International, Inc designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally. The company offers engine blocks integrated with fuel system parts, as well as completely packaged power systems, that include combinations of front accessory drives, cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes, packaging, telematics, and other assembled componentry.