Power Solutions International Inc. (PSIX) Sees Large Volume Increase
Shares of Power Solutions International Inc. (NASDAQ:PSIX) saw an uptick in trading volume on Wednesday . 64,460 shares traded hands during trading, an increase of 10% from the previous session’s volume of 58,366 shares.The stock last traded at $13.69 and had previously closed at $13.91.
Several research firms have commented on PSIX. Zacks Investment Research upgraded shares of Power Solutions International from a “sell” rating to a “hold” rating in a research report on Wednesday. Roth Capital increased their target price on shares of Power Solutions International from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Vetr downgraded shares of Power Solutions International from a “hold” rating to a “sell” rating and set a $17.30 target price on the stock. in a research note on Monday, June 6th. Finally, Lake Street Capital downgraded shares of Power Solutions International from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Power Solutions International currently has a consensus rating of “Buy” and an average price target of $19.48.
The company has a 50-day moving average of $17.10 and a 200-day moving average of $14.11. The company has a market cap of $149.91 million and a P/E ratio of 140.61.
A hedge fund recently raised its stake in Power Solutions International stock. Royce & Associates LLC increased its stake in Power Solutions International Inc. (NASDAQ:PSIX) by 114.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,922 shares of the company’s stock after buying an additional 110,222 shares during the period. Royce & Associates LLC owned about 1.92% of Power Solutions International worth $3,776,000 at the end of the most recent quarter.
Power Solutions International, Inc is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment.
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