Power Solutions International (OTCMKTS:PSIX) Reaches New 1-Year High – Time to Buy?

Power Solutions International, Inc. (OTCMKTS:PSIX)’s stock price reached a new 52-week high on Monday . The stock traded as high as $24.25 and last traded at $23.49, with a volume of 269461 shares trading hands. The stock had previously closed at $21.91.

Wall Street Analyst Weigh In

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

Power Solutions International Stock Performance

The stock’s 50-day simple moving average is $18.71 and its 200 day simple moving average is $10.48. The company has a market cap of $562.91 million, a PE ratio of 18.99 and a beta of 0.92.

Power Solutions International (OTCMKTS:PSIX) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.36. Power Solutions International had a net margin of 10.51% and a return on equity of 1,360.71%. The company had revenue of $110.59 million during the quarter.

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.