Power Solutions International (NASDAQ:PSIX) Shares Gap Down – Time to Sell?

Power Solutions International, Inc. (NASDAQ:PSIX)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $68.39, but opened at $66.04. Power Solutions International shares last traded at $65.41, with a volume of 59,694 shares.

Wall Street Analyst Weigh In

Separately, Craig Hallum reiterated a “buy” rating on shares of Power Solutions International in a report on Tuesday, March 25th.

Power Solutions International Stock Performance

The stock has a market cap of $1.66 billion, a PE ratio of 20.40 and a beta of 1.39. The stock has a fifty day simple moving average of $49.68 and a two-hundred day simple moving average of $37.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.16.

Power Solutions International (NASDAQ:PSIX) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter. The firm had revenue of $135.45 million during the quarter. Power Solutions International had a return on equity of 141.76% and a net margin of 15.74%.

Hedge Funds Weigh In On Power Solutions International

Institutional investors and hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC acquired a new stake in shares of Power Solutions International during the 4th quarter valued at approximately $2,168,000. Perritt Capital Management Inc acquired a new stake in shares of Power Solutions International during the 4th quarter valued at approximately $446,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Power Solutions International during the 4th quarter valued at approximately $310,000. Wells Fargo & Company MN acquired a new stake in shares of Power Solutions International during the 4th quarter valued at approximately $33,000. Finally, Portolan Capital Management LLC acquired a new stake in Power Solutions International in the fourth quarter worth $10,153,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

About Power Solutions International

Power Solutions International, Inc engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial, and transportation end markets.