Power Solutions International (NASDAQ:PSIX) Announces Quarterly 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%. The firm had revenue of $144.30 million during the quarter.

Power Solutions International Trading Up 7.1 %

NASDAQ PSIX opened at $31.96 on Wednesday. The company has a 50-day moving average of $35.37. Power Solutions International has a twelve month low of $2.00 and a twelve month high of $45.74. The company has a market capitalization of $735.08 million, a PE ratio of 13.54 and a beta of 1.04.

Insider Transactions at Power Solutions International

In other news, major shareholder Gary S. Winemaster sold 15,181 shares of Power Solutions International stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $37.05, for a total transaction of $562,456.05. Following the sale, the insider now directly owns 2,999,102 shares in the company, valued at approximately $111,116,729.10. The trade was a 0.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

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.