Power Solutions International (OTCMKTS:PSIX) Hits New 52-Week High – Should You Buy?

Power Solutions International, Inc. (OTCMKTS:PSIX) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.87 and last traded at $35.26, with a volume of 834028 shares changing hands. The stock had previously closed at $31.34.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum upped their target price on shares of Power Solutions International from $22.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, November 11th.

Power Solutions International Price Performance

The firm has a fifty day moving average of $28.14 and a two-hundred day moving average of $20.45. The stock has a market capitalization of $748.65 million, a P/E ratio of 13.79 and a beta of 0.99.

Power Solutions International Company Profile

Power Solutions International, Inc designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally. The company offers engine blocks integrated with fuel system parts, as well as completely packaged power systems, that include combinations of front accessory drives, cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes, packaging, telematics, and other assembled componentry.