Power Solutions International (NASDAQ:PSIX) Posts Earnings Results

Power Solutions International (NASDAQ:PSIX) issued its quarterly earnings results on Monday. The company reported $1.03 earnings per share for the quarter, Zacks reports. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%.

Power Solutions International Trading Down 2.3 %

Shares of PSIX opened at $29.83 on Tuesday. The stock has a market cap of $686.09 million, a price-to-earnings ratio of 12.64 and a beta of 1.04. Power Solutions International has a fifty-two week low of $2.00 and a fifty-two week high of $45.74. The business has a 50-day moving average price of $35.45.

Insider Activity

In related news, major shareholder Gary S. Winemaster sold 17,983 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $36.84, for a total transaction of $662,493.72. Following the completion of the transaction, the insider now owns 2,981,119 shares of the company’s stock, valued at approximately $109,824,423.96. The trade was 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 accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Power Solutions International Company Profile

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.