Power Solutions International (NASDAQ:PSIX) Cut to Buy at Wall Street Zen

Power Solutions International (NASDAQ:PSIX) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Several other analysts also recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Power Solutions International in a research report on Monday. Jefferies Financial Group began coverage on Power Solutions International in a research report on Monday, December 1st. They issued a “buy” rating and a $110.51 target price on the stock. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.51.

Power Solutions International Stock Performance

Shares of NASDAQ:PSIX opened at $62.95 on Friday. The company’s 50 day simple moving average is $71.34 and its 200 day simple moving average is $76.30. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.97 and a beta of 2.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 1.19. Power Solutions International has a 1 year low of $15.30 and a 1 year high of $121.78.

Power Solutions International (NASDAQ:PSIX) last released its earnings results on Thursday, November 6th. The company reported $1.20 earnings per share for the quarter. The firm had revenue of $203.83 million during the quarter. Power Solutions International had a return on equity of 109.04% and a net margin of 17.94%.

Institutional Trading of Power Solutions International

A number of hedge funds have recently made changes to their positions in PSIX. Caitong International Asset Management Co. Ltd grew its holdings in shares of Power Solutions International by 2,672.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock worth $30,000 after purchasing an additional 294 shares during the last quarter. Advisory Services Network LLC boosted its position in Power Solutions International by 90.8% during the 3rd quarter. Advisory Services Network LLC now owns 6,776 shares of the company’s stock worth $666,000 after buying an additional 3,224 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Power Solutions International during the 3rd quarter worth approximately $499,000. Voleon Capital Management LP bought a new stake in Power Solutions International during the 3rd quarter worth approximately $1,337,000. Finally, Verition Fund Management LLC increased its position in Power Solutions International by 17.2% in the 3rd quarter. Verition Fund Management LLC now owns 21,527 shares of the company’s stock valued at $2,114,000 after acquiring an additional 3,154 shares during the period. 22.28% of the stock is 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.