Power Solutions International (NASDAQ:PSIX) Trading Up 6% – Should You Buy?

Power Solutions International, Inc. (NASDAQ:PSIX)’s share price traded up 6% during trading on Wednesday . The company traded as high as $56.50 and last traded at $55.71. 130,762 shares changed hands during trading, a decline of 75% from the average session volume of 515,549 shares. The stock had previously closed at $52.56.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PSIX shares. Wall Street Zen downgraded Power Solutions International from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group initiated coverage on shares of Power Solutions International in a report on Monday, December 1st. They issued a “buy” rating and a $110.51 target price for the company. Loop Capital set a $107.00 price target on shares of Power Solutions International in a research report on Wednesday, March 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Power Solutions International currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.26.

Power Solutions International Stock Up 5.9%

The company has a quick ratio of 1.77, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $75.53 and a two-hundred day simple moving average of $77.29. The company has a market capitalization of $1.28 billion, a P/E ratio of 11.23 and a beta of 2.03.

Institutional Trading of Power Solutions International

Institutional investors have recently bought and sold shares of the stock. Truvestments Capital LLC increased its position in Power Solutions International by 3.9% during the fourth quarter. Truvestments Capital LLC now owns 3,039 shares of the company’s stock valued at $174,000 after acquiring an additional 114 shares during the last quarter. Creative Planning raised its position in Power Solutions International by 1.8% in the 3rd quarter. Creative Planning now owns 10,819 shares of the company’s stock worth $1,063,000 after purchasing an additional 196 shares during the period. Russell Investments Group Ltd. lifted its stake in Power Solutions International by 1.7% in the fourth quarter. Russell Investments Group Ltd. now owns 15,025 shares of the company’s stock worth $859,000 after purchasing an additional 249 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Power Solutions International during the third quarter valued at approximately $26,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Power Solutions International by 2,672.7% during the third 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. 22.28% of the stock is currently owned by 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.