Power Solutions International (NASDAQ:PSIX) Hits New 12-Month Low – Should You Sell?

Power Solutions International, Inc. (NASDAQ:PSIX)’s stock price reached a new 52-week low on Monday . The company traded as low as $33.00 and last traded at $33.5020, with a volume of 44495 shares. The stock had previously closed at $34.52.

Analysts Set New Price Targets

PSIX has been the topic of several research analyst reports. Weiss Ratings lowered shares of Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Freedom Capital downgraded shares of Power Solutions International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group decreased their price target on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $99.95.

Power Solutions International Price Performance

The firm has a market capitalization of $743.85 million, a PE ratio of 7.27 and a beta of 2.00. The stock’s 50 day simple moving average is $42.78 and its two-hundred day simple moving average is $61.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.81 and a current ratio of 3.42.

Hedge Funds Weigh In On Power Solutions International

Institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System acquired a new position in Power Solutions International during the second quarter worth $26,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Power Solutions International by 2,672.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock worth $30,000 after acquiring an additional 294 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Power Solutions International in the 1st quarter worth $33,000. New York State Teachers Retirement System purchased a new position in shares of Power Solutions International during the 1st quarter worth $48,000. Finally, State of Wyoming purchased a new position in shares of Power Solutions International during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

About Power Solutions International

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.