Power Solutions International (OTCMKTS:PSIX) Reaches New 52-Week High – Should You Buy?

Power Solutions International, Inc. (OTCMKTS:PSIXGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $26.10 and last traded at $25.96, with a volume of 176216 shares traded. The stock had previously closed at $23.90.

Analyst Ratings Changes

Separately, Craig Hallum lifted their target price on shares of Power Solutions International from $10.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th.

Get Our Latest Stock Report on PSIX

Power Solutions International Stock Performance

The stock has a market cap of $595.70 million, a P/E ratio of 12.26 and a beta of 0.92. The firm has a 50-day moving average price of $20.74 and a 200-day moving average price of $12.62.

Power Solutions International (OTCMKTS:PSIXGet Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36. The business 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

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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.

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