Power Solutions International (OTCMKTS:PSIX) Sets New 1-Year High – Should You Buy?

Power Solutions International, Inc. (OTCMKTS:PSIX) reached a new 52-week high on Thursday . The company 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 Ratings Changes

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

Power Solutions International Trading Up 7.7 %

The stock’s 50-day simple moving average is $21.04 and its 200-day simple moving average is $12.89. The firm has a market capitalization of $643.72 million, a P/E ratio of 14.36 and a beta of 0.92.

Power Solutions International (OTCMKTS:PSIX) 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 company had revenue of $110.59 million during the quarter. Power Solutions International had a net margin of 10.51% and a return on equity of 1,360.71%.

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.