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

Power Solutions International, Inc. (OTCMKTS:PSIX)’s share price hit 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.

Analysts Set New Price Targets

Separately, Craig Hallum increased their target price on shares of 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 Stock Performance

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

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

Power Solutions International Company Profile

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.