Power Solutions International (NASDAQ:PSIX) Sets New 1-Year High – Time to Buy?

Shares of Power Solutions International, Inc. (NASDAQ:PSIX) reached a new 52-week high during trading on Friday . The company traded as high as $111.00 and last traded at $111.00, with a volume of 82228 shares traded. The stock had previously closed at $87.79.

Power Solutions International Stock Up 13.6%

The firm has a market cap of $2.29 billion, a PE ratio of 20.73 and a beta of 1.47. The business’s 50 day moving average price is $70.67 and its 200 day moving average price is $45.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.67.

Power Solutions International (NASDAQ:PSIX) last posted its quarterly earnings results on Thursday, August 7th. The company reported $2.23 earnings per share for the quarter. The firm had revenue of $191.91 million for the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 174.91%.

Hedge Funds Weigh In On Power Solutions International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in Power Solutions International in the 4th quarter valued at about $366,000. Thoroughbred Financial Services LLC lifted its holdings in shares of Power Solutions International by 108.8% in the 1st quarter. Thoroughbred Financial Services LLC now owns 21,783 shares of the company’s stock worth $550,000 after acquiring an additional 11,350 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of Power Solutions International in the 1st quarter worth approximately $1,008,000. D.A. Davidson & CO. acquired a new position in shares of Power Solutions International in the 1st quarter worth approximately $257,000. Finally, Navellier & Associates Inc. acquired a new position in shares of Power Solutions International in the 1st quarter worth approximately $1,104,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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.