Power Solutions International (NASDAQ:PSIX) Stock Rating Lowered by Wall Street Zen

Power Solutions International (NASDAQ:PSIX) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research firms also recently weighed in on PSIX. Loop Capital set a $107.00 target price on Power Solutions International in a research report on Wednesday. Jefferies Financial Group initiated coverage on shares of Power Solutions International in a research note on Monday, December 1st. They set a “buy” rating and a $110.51 price target on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Power Solutions International in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.26.

Power Solutions International Trading Down 3.1%

Shares of PSIX stock opened at $52.15 on Friday. The business has a 50-day moving average price of $75.86 and a two-hundred day moving average price of $77.81. Power Solutions International has a 12-month low of $18.10 and a 12-month high of $121.78. The company has a quick ratio of 1.19, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. The firm has a market cap of $1.20 billion, a P/E ratio of 10.54 and a beta of 2.04.

Hedge Funds Weigh In On Power Solutions International

A number of large investors have recently bought and sold shares of the stock. Federated Hermes Inc. bought a new stake in Power Solutions International in the third quarter valued at approximately $26,000. California State Teachers Retirement System purchased a new position in shares of Power Solutions International in the second quarter worth $26,000. Caitong International Asset Management Co. Ltd raised its holdings in Power Solutions International by 2,672.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock valued at $30,000 after buying an additional 294 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Power Solutions International in the 2nd quarter worth $43,000. Finally, State of Wyoming purchased a new stake in shares of Power Solutions International during the fourth quarter worth about $49,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Power Solutions International Company Profile

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.