Power Solutions International Inc. (PSIX) Trading 6.8% Higher
Power Solutions International Inc. (NASDAQ:PSIX)’s share price traded up 6.8% on Friday . The stock traded as high as $12.38 and last traded at $12.12, with a volume of 121,427 shares changing hands. The stock had previously closed at $11.35.
Several equities research analysts have issued reports on the company. Vetr downgraded Power Solutions International from a “hold” rating to a “sell” rating and set a $17.30 target price on the stock. in a research report on Monday, June 6th. Zacks Investment Research downgraded Power Solutions International from a “hold” rating to a “sell” rating in a research report on Thursday, July 7th. Roth Capital increased their target price on Power Solutions International from $16.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Lake Street Capital downgraded Power Solutions International from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Tuesday, August 16th. Finally, Wunderlich assumed coverage on Power Solutions International in a research report on Thursday. They set a “buy” rating and a $50.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $22.48.
The firm has a market cap of $131.35 million and a P/E ratio of 123.204. The stock has a 50 day moving average price of $16.16 and a 200 day moving average price of $14.11.
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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