Power Solutions International Inc. (PSIX) Trading Down 2.6%
Power Solutions International Inc. (NASDAQ:PSIX) shares were down 2.6% on Tuesday . The stock traded as low as $11.52 and last traded at $11.65, with a volume of 73,496 shares. The stock had previously closed at $11.96.
Several research analysts have recently weighed in on PSIX shares. Vetr lowered shares of Power Solutions International from a “strong-buy” rating to a “buy” rating and set a $17.20 price objective on the stock. in a research note on Wednesday, May 25th. Roth Capital boosted their price objective on shares of Power Solutions International from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Zacks Investment Research lowered shares of Power Solutions International from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th. Finally, Lake Street Capital lowered shares of Power Solutions International from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Power Solutions International currently has an average rating of “Buy” and a consensus target price of $19.48.
The stock’s 50 day moving average price is $16.50 and its 200-day moving average price is $14.15. The firm has a market capitalization of $124.56 million and a PE ratio of 116.84.
A hedge fund recently raised its stake in Power Solutions International stock. State of New Jersey Common Pension Fund D raised its position in shares of 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 firm 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 3.35% of Power Solutions International worth $6,570,000 as of its most recent SEC filing.
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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