Power Solutions International (NASDAQ:PSIX) Shares Climb 8% – Should You Buy?

Power Solutions International, Inc. (NASDAQ:PSIX) shares rose 8% during mid-day trading on Wednesday. The stock traded as high as $52.18 and last traded at $52.3110. 172,602 shares were traded during trading, a decline of 70% from the average session volume of 567,502 shares. The stock had previously closed at $48.43.

Wall Street Analyst Weigh In

Several analysts have commented on PSIX shares. Freedom Capital upgraded Power Solutions International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings downgraded Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $99.95.

Power Solutions International Trading Up 7.9%

The company has a current ratio of 2.57, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $42.88 and its two-hundred day simple moving average is $45.71. The company has a market capitalization of $1.21 billion, a PE ratio of 17.72 and a beta of 2.01.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PSIX. Sequent Planning LLC lifted its position in shares of Power Solutions International by 4.2% during the first quarter. Sequent Planning LLC now owns 6,423 shares of the company’s stock worth $391,000 after purchasing an additional 260 shares during the last quarter. Strs Ohio raised its position in shares of Power Solutions International by 16.7% during the 1st quarter. Strs Ohio now owns 2,100 shares of the company’s stock valued at $128,000 after acquiring an additional 300 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in Power Solutions International by 8.1% during the first quarter. Kestra Advisory Services LLC now owns 5,399 shares of the company’s stock worth $329,000 after purchasing an additional 405 shares during the last quarter. Global Assets Advisory LLC bought a new position in Power Solutions International during the first quarter worth $33,000. Finally, Sigma Planning Corp boosted its holdings in Power Solutions International by 18.5% in the first quarter. Sigma Planning Corp now owns 4,780 shares of the company’s stock worth $291,000 after purchasing an additional 745 shares during the period. 22.28% of the stock is owned by institutional investors and hedge funds.

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.