Shares of Power Solutions International Inc. (NASDAQ:PSIX) gapped up prior to trading on Wednesday . The stock had previously closed at $17.17, but opened at $17.28. Power Solutions International shares last traded at $17.65, with a volume of 11,596 shares changing hands.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Power Solutions International from a “hold” rating to a “sell” rating in a report on Thursday, July 7th. Vetr raised Power Solutions International from a “hold” rating to a “buy” rating and set a $17.30 price objective for the company in a report on Monday, June 13th. Roth Capital lifted their price objective on Power Solutions International from $16.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Finally, Lake Street Capital lifted their price objective on Power Solutions International from $12.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $19.48.

The company has a 50-day moving average price of $17.76 and a 200-day moving average price of $13.86. The firm has a market capitalization of $193.10 million and a P/E ratio of 181.12.

Power Solutions International (NASDAQ:PSIX) last announced its quarterly earnings data on Monday, May 9th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.45) by $0.15. During the same period last year, the business posted $0.20 earnings per share. The business earned $61.80 million during the quarter, compared to analyst estimates of $59.69 million. The company’s revenue for the quarter was down 28.2% compared to the same quarter last year. Equities analysts expect that Power Solutions International Inc. will post ($0.32) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Power Solutions International stock. Royce & Associates LLC boosted its stake in shares of Power Solutions International Inc. (NASDAQ:PSIX) by 114.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,922 shares of the company’s stock after buying an additional 110,222 shares during the period. Royce & Associates LLC owned approximately 1.92% of Power Solutions International worth $3,776,000 at the end of the most recent reporting period.

Power Solutions International, Inc is a designer, manufacturer, distributor and supporter of power systems and custom-engineered integrated electrical power generation systems for industrial original equipment manufacturers (OEMs) across a range of industries, including stationary electricity power generation, oil and gas, material handling, aerial work platforms, industrial sweepers, arbor, welding, airport ground support, turf, agricultural, construction and irrigation.

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