Power Solutions International (NASDAQ:PSIX) Trading Down 3.6% – Time to Sell?

Power Solutions International, Inc. (NASDAQ:PSIX)’s share price fell 3.6% during trading on Wednesday . The stock traded as low as $56.89 and last traded at $57.07. 271,021 shares traded hands during trading, a decline of 48% from the average session volume of 521,351 shares. The stock had previously closed at $59.19.

Analyst Ratings Changes

A number of brokerages have weighed in on PSIX. Weiss Ratings reiterated a “hold (c+)” rating on shares of Power Solutions International in a report on Monday. Wall Street Zen downgraded shares of Power Solutions International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Jefferies Financial Group assumed coverage on shares of Power Solutions International in a research note on Monday, December 1st. They issued a “buy” rating and a $110.51 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Power Solutions International currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.51.

Power Solutions International Trading Down 3.5%

The business has a 50 day moving average of $65.01 and a two-hundred day moving average of $78.13. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 10.86 and a beta of 2.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.28.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PSIX. Arrowstreet Capital Limited Partnership grew its holdings in shares of Power Solutions International by 344.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company’s stock valued at $31,930,000 after buying an additional 251,883 shares during the last quarter. Busey Bank bought a new position in Power Solutions International in the 3rd quarter valued at about $21,608,000. Allspring Global Investments Holdings LLC acquired a new position in Power Solutions International during the 3rd quarter valued at about $19,001,000. Portolan Capital Management LLC bought a new stake in Power Solutions International during the 3rd quarter worth approximately $19,232,000. Finally, Vanguard Group Inc. raised its stake in shares of Power Solutions International by 38.9% in the third quarter. Vanguard Group Inc. now owns 502,381 shares of the company’s stock worth $49,344,000 after purchasing an additional 140,743 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

About Power Solutions International

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.