Power Solutions International (NASDAQ:PSIX) Stock Falls 11.6% – Time to Sell?

Power Solutions International, Inc. (NASDAQ:PSIX)’s stock price fell 11.6% during trading on Wednesday. The company traded as low as $44.56 and last traded at $43.6740. 83,615 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 559,480 shares. The stock had previously closed at $49.43.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Power Solutions International in a research report on Thursday, October 22nd. Freedom Capital raised Power Solutions International from a “hold” rating to a “strong-buy” rating in a research report 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 data from MarketBeat.com, Power Solutions International has a consensus rating of “Buy” and a consensus price target of $99.95.

Power Solutions International Trading Down 16.3%

The company has a market cap of $954.52 million, a P/E ratio of 14.02 and a beta of 2.08. The company has a quick ratio of 1.49, a current ratio of 2.57 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $44.72 and its 200-day moving average price is $52.79.

Institutional Investors Weigh In On Power Solutions International

A number of hedge funds and other institutional investors have recently bought and sold shares of PSIX. Fulcrum Asset Management LLP purchased a new stake in shares of Power Solutions International during the third quarter worth $100,000. Allspring Global Investments Holdings LLC grew its position in shares of Power Solutions International by 5.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,169 shares of the company’s stock valued at $371,000 after purchasing an additional 387 shares in the last quarter. Quadcap Wealth Management LLC purchased a new position in shares of Power Solutions International in the third quarter valued at $321,000. Commonwealth Equity Services LLC purchased a new position in shares of Power Solutions International in the third quarter valued at $206,000. Finally, Bridge City Capital LLC raised its stake in shares of Power Solutions International by 21.8% during the 3rd quarter. Bridge City Capital LLC now owns 49,524 shares of the company’s stock valued at $2,277,000 after purchasing an additional 8,866 shares during the period. Institutional investors own 22.28% of the company’s stock.

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.