Shares of Power Solutions International Inc. (NASDAQ:PSIX) traded up 14.3% during trading on Monday . The company traded as high as $16.28 and last traded at $15.82, with a volume of 75,228 shares traded. The stock had previously closed at $13.84.

A number of analysts have recently commented on the company. Vetr downgraded Power Solutions International from a “hold” rating to a “sell” rating and set a $17.30 price objective on the stock. in a research note on Monday, June 6th. Zacks Investment Research downgraded Power Solutions International from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th. Roth Capital boosted their price objective on Power Solutions International from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Finally, Lake Street Capital boosted their price objective on Power Solutions International from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Power Solutions International has an average rating of “Buy” and a consensus price target of $19.48.

The firm’s 50-day moving average is $17.59 and its 200-day moving average is $14.01. The firm has a market cap of $171.89 million and a PE ratio of 161.22.

Power Solutions International (NASDAQ:PSIX) last released its quarterly earnings results on Monday, May 9th. The company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.45) by $0.15. The company earned $61.80 million during the quarter, compared to analyst estimates of $59.69 million. During the same quarter in the previous year, the business posted $0.20 EPS. Power Solutions International’s revenue was down 28.2% compared to the same quarter last year. On average, equities research analysts predict that Power Solutions International Inc. will post ($0.31) EPS for the current fiscal year.

An institutional investor recently raised its position in Power Solutions International stock. State of New Jersey Common Pension Fund D raised its position in Power Solutions International Inc. (NASDAQ:PSIX) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 approximately 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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