Power Solutions International (OTCMKTS:PSIX) Hits New 52-Week High – Time to Buy?

Power Solutions International, Inc. (OTCMKTS:PSIX) shares hit a new 52-week high on Thursday . The stock traded as high as $26.10 and last traded at $25.96, with a volume of 176216 shares. The stock had previously closed at $23.90.

Analyst Upgrades and Downgrades

Separately, Craig Hallum raised their price objective on shares of Power Solutions International from $10.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th.

Power Solutions International Stock Up 8.4 %

The firm’s 50-day simple moving average is $20.74 and its 200-day simple moving average is $12.62. The firm has a market capitalization of $595.70 million, a P/E ratio of 12.26 and a beta of 0.92.

Power Solutions International (OTCMKTS:PSIX) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.36. The firm had revenue of $110.59 million during the quarter. Power Solutions International had a return on equity of 1,360.71% and a net margin of 10.51%.

Power Solutions International Company Profile

Power Solutions International, Inc designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally. The company offers engine blocks integrated with fuel system parts, as well as completely packaged power systems, that include combinations of front accessory drives, cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes, packaging, telematics, and other assembled componentry.