Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s stock price traded down 6.6% during trading on Wednesday . The stock traded as low as $29.45 and last traded at $29.85. 170,251 shares were traded during trading, a decline of 49% from the average session volume of 331,603 shares. The stock had previously closed at $31.96.
Power Solutions International Stock Performance
The firm has a market capitalization of $602.58 million, a P/E ratio of 11.10 and a beta of 1.04. The company has a 50-day simple moving average of $34.94.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The company reported $1.03 EPS for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%. The company had revenue of $144.30 million for the quarter.
Insiders Place Their Bets
In other news, major shareholder Gary S. Winemaster sold 17,983 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $36.84, for a total transaction of $662,493.72. Following the completion of the sale, the insider now directly owns 2,981,119 shares in the company, valued at $109,824,423.96. This trade represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Gagnon Advisors LLC acquired a new position in shares of Power Solutions International in the 4th quarter valued at approximately $13,987,000. World Equity Group Inc. acquired a new stake in Power Solutions International in the fourth quarter valued at $529,000. Gagnon Securities LLC acquired a new stake in Power Solutions International in the fourth quarter valued at $25,292,000. Evernest Financial Advisors LLC bought a new position in Power Solutions International during the 4th quarter valued at $223,000. Finally, Thompson Davis & CO. Inc. acquired a new position in Power Solutions International during the 4th quarter worth $251,000. Institutional investors and hedge funds own 22.28% 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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