Power Solutions International (NASDAQ:PSIX) Shares Gap Up – Should You Buy?

Power Solutions International, Inc. (NASDAQ:PSIX) gapped up prior to trading on Tuesday . The stock had previously closed at $34.97, but opened at $36.39. Power Solutions International shares last traded at $35.6270, with a volume of 19,100 shares.

Analyst Ratings Changes

A number of research analysts recently commented on PSIX shares. Freedom Capital upgraded Power Solutions International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Weiss Ratings cut Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $99.95.

Power Solutions International Trading Up 2.1%

The firm’s 50-day simple moving average is $35.40 and its 200 day simple moving average is $53.66. The stock has a market cap of $823.40 million, a P/E ratio of 12.11 and a beta of 2.02. The company has a current ratio of 2.57, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35.

Power Solutions International (NASDAQ:PSIX) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.78 earnings per share for the quarter. The company had revenue of $152.54 million for the quarter. Power Solutions International had a return on equity of 37.73% and a net margin of 10.03%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Navellier & Associates Inc. lifted its position in Power Solutions International by 58.6% in the fourth quarter. Navellier & Associates Inc. now owns 101,729 shares of the company’s stock worth $5,813,000 after purchasing an additional 37,569 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in shares of Power Solutions International during the 4th quarter valued at $13,052,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Power Solutions International in the 4th quarter worth $1,800,000. Dimensional Fund Advisors LP raised its stake in shares of Power Solutions International by 40.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 283,241 shares of the company’s stock worth $17,240,000 after buying an additional 81,350 shares in the last quarter. Finally, OP Asset Management Ltd acquired a new stake in shares of Power Solutions International in the first quarter valued at $1,549,000. Institutional investors and hedge funds 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.