Power Solutions International Inc. (NASDAQ:PSIX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Power Solutions International, Inc. is engaged in producing and distributing power solutions for original equipment manufacturers of off-highway industrial equipment in the United States. The Company sells engines for stationary generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment. It also offers low-emission standard fuel and hybrid power solutions, and diesel power systems. Power Solutions International, Inc. is based in Wood Dale, Illinois. “

Other research analysts have also recently issued research reports about the company. Lake Street Capital cut Power Solutions International from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Tuesday, August 16th. Wunderlich started coverage on Power Solutions International in a report on Thursday, August 25th. They issued a “buy” rating and a $50.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $22.48.

Analyst Recommendations for Power Solutions International (NASDAQ:PSIX)

Power Solutions International (NASDAQ:PSIX) opened at 12.91 on Tuesday. Power Solutions International has a 52-week low of $7.63 and a 52-week high of $24.93. The stock has a market capitalization of $140.45 million, a price-to-earnings ratio of 131.73 and a beta of 2.64. The firm has a 50-day moving average price of $10.98 and a 200 day moving average price of $13.82.

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Several institutional investors have recently bought and sold shares of PSIX. Elk Creek Partners LLC boosted its position in Power Solutions International by 14.3% in the second quarter. Elk Creek Partners LLC now owns 544,000 shares of the company’s stock valued at $9,710,000 after buying an additional 68,248 shares in the last quarter. Royce & Associates LP boosted its position in Power Solutions International by 25.9% in the second quarter. Royce & Associates LP now owns 670,906 shares of the company’s stock valued at $11,976,000 after buying an additional 138,196 shares in the last quarter. Gagnon Securities LLC boosted its position in Power Solutions International by 4.5% in the second quarter. Gagnon Securities LLC now owns 357,433 shares of the company’s stock valued at $6,380,000 after buying an additional 15,478 shares in the last quarter. New Jersey Better Educational Savings Trust boosted its position in Power Solutions International by 25.0% in the second quarter. New Jersey Better Educational Savings Trust now owns 20,000 shares of the company’s stock valued at $357,000 after buying an additional 4,000 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Power Solutions International by 2.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 380,000 shares of the company’s stock valued at $6,783,000 after buying an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 47.13% of the company’s stock.

About Power Solutions International

Power Solutions International, Inc is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment.

5 Day Chart for NASDAQ:PSIX

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