Power Solutions International (NASDAQ:PSIX) Stock Bumped Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Power Solutions International (NASDAQ:PSIX) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other research firms have also recently commented on PSIX. Weiss Ratings reiterated a “hold (c)” rating on shares of Power Solutions International in a research report on Thursday, October 22nd. Freedom Capital upgraded shares of Power Solutions International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $99.95.

Power Solutions International Trading Up 9.2%

Shares of PSIX opened at $39.16 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.57 and a quick ratio of 1.49. Power Solutions International has a 1-year low of $25.28 and a 1-year high of $106.50. The stock has a market cap of $903.42 million, a price-to-earnings ratio of 12.84 and a beta of 2.08. The firm has a 50 day simple moving average of $44.81 and a 200-day simple moving average of $52.22.

Power Solutions International (NASDAQ:PSIX) last released its quarterly earnings results on Thursday, November 5th. The company reported $1.30 earnings per share for the quarter. Power Solutions International had a return on equity of 37.67% and a net margin of 10.40%. The company had revenue of $202.07 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings in shares of Power Solutions International by 415.8% during the third quarter. Russell Investments Group Ltd. now owns 14,107 shares of the company’s stock worth $649,000 after purchasing an additional 11,372 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in Power Solutions International during the third quarter worth approximately $100,000. Allspring Global Investments Holdings LLC raised its stake in Power Solutions International by 5.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,169 shares of the company’s stock worth $371,000 after purchasing an additional 387 shares during the period. Quadcap Wealth Management LLC acquired a new position in shares of Power Solutions International in the 3rd quarter valued at $321,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Power Solutions International in the 3rd quarter valued at $206,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

About Power Solutions International

Power Solutions International, Inc (NASDAQ: PSIX) designs, engineers, manufactures and distributes power systems and engines for a range of commercial, industrial and specialty applications. The company develops powertrain solutions intended to meet the performance, emissions and packaging requirements of original equipment manufacturers and end users.

Its product portfolio includes engines powered by gasoline, diesel, natural gas and propane, along with related electronic controls, fuel systems and power-management technologies.