Power Solutions International (NASDAQ:PSIX) Reaches New 52-Week Low – What’s Next?

Power Solutions International, Inc. (NASDAQ:PSIX) reached a new 52-week low on Tuesday . The stock traded as low as $35.13 and last traded at $34.3970, with a volume of 50560 shares trading hands. The stock had previously closed at $36.68.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PSIX. Freedom Capital cut Power Solutions International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings cut shares of Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group decreased their price target on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $99.95.

Power Solutions International Trading Down 6.5%

The stock has a market cap of $790.50 million, a PE ratio of 7.69 and a beta of 2.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.81 and a current ratio of 3.42. The stock has a fifty day moving average price of $45.76 and a 200 day moving average price of $62.37.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Hamilton Wealth LLC purchased a new stake in shares of Power Solutions International in the first quarter valued at $120,000. Bank of America Corp DE boosted its stake in shares of Power Solutions International by 183.9% during the 1st quarter. Bank of America Corp DE now owns 31,495 shares of the company’s stock worth $1,917,000 after purchasing an additional 20,400 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Power Solutions International by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 466,204 shares of the company’s stock valued at $28,382,000 after purchasing an additional 23,108 shares during the last quarter. Cetera Investment Advisers grew its holdings in Power Solutions International by 55.0% during the 1st quarter. Cetera Investment Advisers now owns 33,508 shares of the company’s stock valued at $2,040,000 after purchasing an additional 11,892 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Power Solutions International by 6.2% in the 1st quarter. First Trust Advisors LP now owns 86,123 shares of the company’s stock worth $5,243,000 after purchasing an additional 5,049 shares during the period. Institutional investors own 22.28% of the company’s stock.

Power Solutions International Company Profile

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.