Power Solutions International (OTCMKTS:PSIX) Stock Passes Above 50 Day Moving Average – Here’s Why

Power Solutions International, Inc. (OTCMKTS:PSIX) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $19.69 and traded as high as $22.41. Power Solutions International shares last traded at $18.60, with a volume of 529,074 shares traded.

Analyst Ratings Changes

Separately, Craig Hallum increased their target price on 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 Trading Up 10.3 %

The firm has a market capitalization of $541.89 million, a PE ratio of 18.28 and a beta of 0.92. The business has a 50-day moving average of $20.07 and a 200 day moving average of $11.42.

Power Solutions International (OTCMKTS:PSIX) last released its quarterly earnings results on Monday, August 12th. The company reported $0.72 EPS for the quarter, beating 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%.

About Power Solutions International

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.