Power Solutions International Inc. (PSIX) Trading Down 10.6%
Power Solutions International Inc. (NASDAQ:PSIX) fell 10.6% during mid-day trading on Tuesday . The stock traded as low as $13.00 and last traded at $13.80, with a volume of 183,035 shares. The stock had previously closed at $15.43.
Several research analysts have recently commented on PSIX shares. Vetr lowered Power Solutions International from a “hold” rating to a “sell” rating and set a $17.30 price target on the stock. in a report on Monday, June 6th. Roth Capital lifted their price target on Power Solutions International from $16.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Lake Street Capital lowered Power Solutions International from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Tuesday. Finally, Zacks Investment Research upgraded Power Solutions International from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $19.48.
The company has a market cap of $151.33 million and a PE ratio of 141.94. The stock’s 50 day moving average is $17.26 and its 200 day moving average is $14.10.
An institutional investor recently raised its position in Power Solutions International stock. State of New Jersey Common Pension Fund D boosted its stake in shares of Power Solutions International Inc. (NASDAQ:PSIX) by 12.5% during the fourth quarter, according to its most recent 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 approximately 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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