Power Solutions International (NASDAQ:PSIX - Get Free Report) announced its earnings results on Monday. The company reported $1.03 earnings per share for the quarter, Zacks reports. The firm had revenue of $144.30 million for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%.
Power Solutions International Trading Down 10.5 %
PSIX stock traded down $3.06 during midday trading on Friday, hitting $26.19. The company's stock had a trading volume of 360,634 shares, compared to its average volume of 332,602. The stock has a market cap of $602.58 million, a PE ratio of 11.10 and a beta of 1.04. The company's 50-day moving average is $35.12. Power Solutions International has a 1 year low of $2.00 and a 1 year high of $45.74.
Insider Activity
In other news, major shareholder Gary S. Winemaster sold 15,181 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $37.05, for a total transaction of $562,456.05. Following the completion of the transaction, the insider now directly owns 2,999,102 shares of the company's stock, valued at $111,116,729.10. This represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company's stock.
About Power Solutions International
(
Get Free Report)
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.
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