Power Solutions International (NASDAQ:PSIX) Trading Up 6% – What’s Next?

Power Solutions International, Inc. (NASDAQ:PSIX) was up 6% during trading on Wednesday . The stock traded as high as $56.50 and last traded at $55.71. Approximately 130,762 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 515,549 shares. The stock had previously closed at $52.56.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PSIX. Wall Street Zen downgraded Power Solutions International from a “buy” rating to a “hold” rating in a research note on Saturday. Loop Capital set a $107.00 target price on shares of Power Solutions International in a research note on Wednesday, March 4th. 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 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Power Solutions International in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.26.

Power Solutions International Stock Performance

The stock has a market cap of $1.28 billion, a P/E ratio of 11.23 and a beta of 2.03. The company has a quick ratio of 1.77, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $75.53 and a two-hundred day moving average price of $77.29.

Institutional Investors Weigh In On Power Solutions International

A number of institutional investors have recently added to or reduced their stakes in PSIX. Goldman Sachs Group Inc. purchased a new position in shares of Power Solutions International in the first quarter worth $625,000. Acadian Asset Management LLC purchased a new stake in Power Solutions International in the 1st quarter worth $112,000. Rathbones Group PLC bought a new position in shares of Power Solutions International during the 2nd quarter valued at about $239,000. Geode Capital Management LLC grew its position in shares of Power Solutions International by 102.2% during the second quarter. Geode Capital Management LLC now owns 154,383 shares of the company’s stock valued at $9,987,000 after purchasing an additional 78,034 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Power Solutions International in the second quarter worth about $92,000. 22.28% of the stock is owned by hedge funds and other 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.