Power Solutions International (NASDAQ:PSIX) Stock Rating Lowered by Wall Street Zen

Power Solutions International (NASDAQ:PSIX) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

PSIX has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a research report on Monday, December 29th. Loop Capital set a $107.00 price objective on shares of Power Solutions International in a research report on Wednesday. Finally, Jefferies Financial Group began coverage on shares of Power Solutions International in a report on Monday, December 1st. They set a “buy” rating and a $110.51 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.26.

Power Solutions International Trading Down 3.1%

Shares of NASDAQ PSIX opened at $52.15 on Friday. Power Solutions International has a fifty-two week low of $18.10 and a fifty-two week high of $121.78. The firm has a market capitalization of $1.20 billion, a P/E ratio of 10.54 and a beta of 2.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.15 and a quick ratio of 1.77. The company’s 50 day simple moving average is $75.86 and its 200 day simple moving average is $77.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PSIX. Federated Hermes Inc. acquired a new stake in Power Solutions International during the third quarter worth approximately $26,000. California State Teachers Retirement System acquired a new position in shares of Power Solutions International in the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its stake 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 period. Ameritas Investment Partners Inc. acquired a new stake in Power Solutions International during the 2nd quarter worth approximately $43,000. Finally, State of Wyoming acquired a new stake in Power Solutions International during the 4th quarter worth approximately $49,000. 22.28% of the stock is currently owned by institutional investors.

Power Solutions International Company Profile

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.