Power Solutions International Inc (NASDAQ:PSIX) has earned an average recommendation of “Hold” from the six research firms that are covering the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.43.

A number of research analysts have issued reports on the stock. Lake Street Capital lowered shares of Power Solutions International from a “hold” rating to a “sell” rating in a research note on Monday, February 6th. Zacks Investment Research upgraded shares of Power Solutions International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 8th. Wunderlich lowered shares of Power Solutions International from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research note on Monday, February 6th. Finally, Barrington Research lowered shares of Power Solutions International from an “outperform” rating to an “underperform” rating in a research note on Monday, February 6th.

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Several hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its stake in Power Solutions International by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 13,359 shares of the company’s stock valued at $239,000 after buying an additional 610 shares during the period. Menta Capital LLC increased its stake in Power Solutions International by 122.7% in the fourth quarter. Menta Capital LLC now owns 25,152 shares of the company’s stock valued at $189,000 after buying an additional 13,856 shares during the period. New Jersey Better Educational Savings Trust increased its stake in Power Solutions International by 50.0% in the third quarter. New Jersey Better Educational Savings Trust now owns 30,000 shares of the company’s stock valued at $308,000 after buying an additional 10,000 shares during the period. Gagnon Securities LLC increased its stake 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 during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in Power Solutions International by 10.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 420,000 shares of the company’s stock valued at $4,305,000 after buying an additional 40,000 shares during the period. 46.93% of the stock is currently owned by institutional investors and hedge funds.

Power Solutions International (NASDAQ:PSIX) opened at 5.95 on Tuesday. The firm has a market cap of $64.73 million, a price-to-earnings ratio of 60.71 and a beta of 2.81. The company has a 50 day moving average price of $5.28 and a 200-day moving average price of $9.14. Power Solutions International has a 52-week low of $2.76 and a 52-week high of $20.97.

Power Solutions International Company Profile

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.

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