Power Solutions International (NASDAQ:PSIX) Stock Rating Upgraded by Freedom Capital

Power Solutions International (NASDAQ:PSIX) was upgraded by investment analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings lowered Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Power Solutions International has a consensus rating of “Buy” and a consensus price target of $99.95.

Power Solutions International Trading Down 2.0%

NASDAQ:PSIX opened at $42.15 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.42 and a quick ratio of 1.81. Power Solutions International has a one year low of $25.28 and a one year high of $119.70. The company has a market cap of $972.40 million, a PE ratio of 14.29 and a beta of 2.01. The firm has a 50-day moving average of $35.61 and a 200-day moving average of $56.00.

Power Solutions International (NASDAQ:PSIX) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.78 earnings per share for the quarter. The business had revenue of $152.54 million for the quarter. Power Solutions International had a net margin of 10.03% and a return on equity of 39.20%.

Institutional Investors Weigh In On Power Solutions International

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Power Solutions International by 2,672.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock valued at $30,000 after purchasing an additional 294 shares in the last quarter. California State Teachers Retirement System bought a new position in Power Solutions International in the 2nd quarter worth about $26,000. Global Assets Advisory LLC bought a new stake in shares of Power Solutions International during the first quarter valued at about $33,000. New York State Teachers Retirement System bought a new position in shares of Power Solutions International in the first quarter valued at approximately $48,000. Finally, State of Wyoming bought a new stake in Power Solutions International during the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors 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.