Power Solutions International Inc. (NASDAQ:PSIX) was down 9.5% during mid-day trading on Tuesday . The stock traded as low as $16.00 and last traded at $16.00, with a volume of 52,935 shares trading hands. The stock had previously closed at $17.68.

Several equities research analysts have recently issued reports on PSIX shares. Zacks Investment Research downgraded Power Solutions International from a “hold” rating to a “sell” rating in a research report on Thursday, July 7th. Vetr downgraded Power Solutions International from a “strong-buy” rating to a “buy” rating and set a $17.20 price target on the stock. in a research report on Wednesday, May 25th. Lake Street Capital raised their price target on Power Solutions International from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, April 19th. Finally, Roth Capital raised their price target on Power Solutions International from $16.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $19.48.

The firm’s 50 day moving average is $17.82 and its 200-day moving average is $13.97. The company has a market capitalization of $174.06 million and a price-to-earnings ratio of 163.27.

Power Solutions International (NASDAQ:PSIX) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.45) by $0.15. The business had revenue of $61.80 million for the quarter, compared to analysts’ expectations of $59.69 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. Power Solutions International’s quarterly revenue was down 28.2% on a year-over-year basis. On average, equities analysts forecast that Power Solutions International Inc. will post ($0.32) EPS for the current year.

An institutional investor recently raised its position in Power Solutions International stock. State of New Jersey Common Pension Fund D raised its stake in Power Solutions International Inc. (NASDAQ:PSIX) by 12.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 360,000 shares of the company’s stock after buying an additional 40,000 shares during the period. State of New Jersey Common Pension Fund D owned about 3.35% of Power Solutions International worth $6,570,000 as of its most recent filing with the SEC.

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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