Power Solutions International Inc. (PSIX) Stock Price Up 6.8%
Power Solutions International Inc. (NASDAQ:PSIX)’s share price rose 6.8% during trading on Friday . The stock traded as high as $12.38 and last traded at $12.12, with a volume of 121,427 shares trading hands. The stock had previously closed at $11.35.
PSIX has been the subject of several research reports. Zacks Investment Research upgraded Power Solutions International from a “sell” rating to a “hold” rating in a research report on Wednesday, August 17th. Lake Street Capital downgraded Power Solutions International from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Tuesday, August 16th. Vetr raised Power Solutions International from a “hold” rating to a “buy” rating and set a $17.30 price target for the company in a research note on Monday, June 13th. Roth Capital increased their price target on Power Solutions International from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Finally, Wunderlich assumed coverage on Power Solutions International in a research note on Thursday. They issued a “buy” rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.48.
The company has a 50 day moving average of $16.02 and a 200-day moving average of $14.12. The firm has a market capitalization of $131.64 million and a price-to-earnings ratio of 123.47.
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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