Power Solutions International (OTCMKTS:PSIX) Reaches New 12-Month High – What’s Next?

Power Solutions International, Inc. (OTCMKTS:PSIX)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $36.87 and last traded at $35.26, with a volume of 834028 shares traded. The stock had previously closed at $31.34.

Analysts Set New Price Targets

Separately, Craig Hallum upped their target price on shares of Power Solutions International from $22.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

Power Solutions International Price Performance

The business’s 50 day simple moving average is $27.77 and its 200-day simple moving average is $20.28. The stock has a market capitalization of $810.98 million, a P/E ratio of 14.94 and a beta of 0.99.

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.