Power Solutions International (NASDAQ:PSIX) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of Power Solutions International (NASDAQ:PSIX) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group initiated coverage on Power Solutions International in a report on Monday, December 1st. They issued a “buy” rating and a $110.51 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.51.

Power Solutions International Stock Performance

NASDAQ PSIX opened at $62.95 on Friday. Power Solutions International has a fifty-two week low of $15.30 and a fifty-two week high of $121.78. The firm has a market capitalization of $1.45 billion, a P/E ratio of 11.97 and a beta of 2.01. The stock’s fifty day moving average is $71.34 and its two-hundred day moving average is $76.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.28.

Power Solutions International (NASDAQ:PSIX) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.20 earnings per share (EPS) for the quarter. The firm had revenue of $203.83 million during the quarter. Power Solutions International had a net margin of 17.94% and a return on equity of 109.04%.

Hedge Funds Weigh In On Power Solutions International

A number of hedge funds and other institutional investors have recently bought and sold shares of PSIX. Vanguard Group Inc. boosted its stake in shares of Power Solutions International by 38.9% in the third quarter. Vanguard Group Inc. now owns 502,381 shares of the company’s stock valued at $49,344,000 after purchasing an additional 140,743 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Power Solutions International by 344.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company’s stock worth $31,930,000 after buying an additional 251,883 shares in the last quarter. Busey Bank purchased a new position in Power Solutions International in the 3rd quarter valued at approximately $21,608,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Power Solutions International in the third quarter worth $19,001,000. Finally, Portolan Capital Management LLC purchased a new stake in shares of Power Solutions International during the third quarter worth $19,232,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

About Power Solutions International

Power Solutions International, Inc engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial, and transportation end markets.