Power Solutions International (NASDAQ:PSIX) Shares Climb 7.3% – Should You Buy?

Shares of Power Solutions International, Inc. (NASDAQ:PSIX) shot up 7.3% on Tuesday. The stock traded as high as $48.07 and last traded at $48.13. 128,063 shares were traded during trading, a decline of 78% from the average session volume of 574,490 shares. The stock had previously closed at $44.87.

Analyst Upgrades and Downgrades

PSIX has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. Freedom Capital raised shares of Power Solutions International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Power Solutions International has a consensus rating of “Buy” and an average price target of $99.95.

Power Solutions International Trading Up 7.8%

The business has a fifty day moving average price of $39.32 and a 200 day moving average price of $46.43. The company has a market capitalization of $1.12 billion, a PE ratio of 16.42 and a beta of 2.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.49 and a current ratio of 2.57.

Institutional Investors Weigh In On Power Solutions International

Several institutional investors have recently bought and sold shares of the business. Tidal Investments LLC increased its position in shares of Power Solutions International by 146.6% in the second quarter. Tidal Investments LLC now owns 72,447 shares of the company’s stock worth $2,817,000 after acquiring an additional 43,068 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Power Solutions International during the 2nd quarter valued at $63,000. AlphaGrep UK Ltd acquired a new position in shares of Power Solutions International during the 2nd quarter valued at $218,000. Triumph Capital Management boosted its position in Power Solutions International by 32.9% during the 2nd quarter. Triumph Capital Management now owns 4,924 shares of the company’s stock worth $191,000 after purchasing an additional 1,219 shares during the period. Finally, Newtyn Management LLC acquired a new stake in Power Solutions International in the 2nd quarter valued at $23,369,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Power Solutions International Company Profile

Power Solutions International, Inc (NASDAQ:PSIX) designs, engineers, manufactures and sells power systems and engines for a range of industrial and commercial applications. The company develops both complete engines and integrated power solutions, with products designed to meet the performance, emissions and packaging requirements of original equipment manufacturers.

Its product portfolio includes engines powered by gasoline, diesel, natural gas, propane and other alternative fuels. These systems are used in on-road vehicles, off-road equipment, material-handling vehicles, agricultural and construction machinery, generators and other stationary power applications.