Craig Hallum Raises Power Solutions International (OTCMKTS:PSIX) Price Target to $37.00

Power Solutions International (OTCMKTS:PSIX) had its target price hoisted by equities research analysts at Craig Hallum from $22.00 to $37.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s price objective suggests a potential upside of 17.83% from the company’s previous close.

Power Solutions International Stock Down 5.8 %

Shares of OTCMKTS PSIX opened at $31.40 on Monday. The stock has a market cap of $721.89 million, a PE ratio of 13.31 and a beta of 0.92. Power Solutions International has a 52-week low of $1.70 and a 52-week high of $35.65. The business has a 50-day moving average price of $21.56 and a 200 day moving average price of $13.47.

Power Solutions International (OTCMKTS:PSIX) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36. Power Solutions International had a return on equity of 604.86% and a net margin of 12.46%. The company had revenue of $110.59 million during the quarter.

About Power Solutions International

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.