Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s share price traded down 8.9% during trading on Monday . The company traded as low as $22.34 and last traded at $22.34. 102,363 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 331,589 shares. The stock had previously closed at $24.51.
Wall Street Analyst Weigh In
Separately, Craig Hallum reaffirmed a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.
Get Our Latest Research Report on PSIX
Power Solutions International Trading Up 7.6 %
The company has a fifty day simple moving average of $28.04. The company has a market capitalization of $595.22 million, a price-to-earnings ratio of 10.96 and a beta of 0.80.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The company reported $1.03 earnings per share for the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%. The company had revenue of $144.30 million during the quarter.
Insider Buying and Selling at Power Solutions International
In related news, major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International stock in a transaction on Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the completion of the transaction, the insider now directly owns 2,944,281 shares in the company, valued at approximately $68,513,418.87. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Gagnon Securities LLC purchased a new stake in Power Solutions International during the 4th quarter worth about $25,292,000. Gagnon Advisors LLC acquired a new position in Power Solutions International during the fourth quarter worth $13,987,000. Portolan Capital Management LLC purchased a new position in shares of Power Solutions International in the fourth quarter valued at $10,153,000. S Squared Technology LLC purchased a new stake in Power Solutions International during the 4th quarter worth about $8,718,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Power Solutions International during the 4th quarter worth about $2,168,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.
Power Solutions International Company Profile
(
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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