Power Solutions International Reaches New 12-Month High at $58.22 (PSIX)
Power Solutions International (NASDAQ:PSIX)’s share price reached a new 52-week high during trading hours on Thursday, Analyst Ratings Network.com reports. The company traded as high as $58.22 and last traded at $57.79, with a volume of 48,961 shares traded. The stock had previously closed at $56.81.
Several analysts have recently commented on the stock. Analysts at Global Hunter Securities raised their price target on shares of Power Solutions International (NASDAQ:PSIX) from $37.00 to $55.00 in a research note to investors on Thursday, September 5th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks downgraded shares of Power Solutions International (NASDAQ:PSIX) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $49.50 price target on the stock.
Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Power Solutions International has a consensus rating of “Hold” and a consensus target price of $54.88.
Power Solutions International has a 52 week low of $14.35 and a 52 week high of $57.48. The stock has a 50-day moving average of $49.42 and a 200-day moving average of $35.4. The company’s market cap is $537.1 million.
Power Solutions International, Inc, formerly Format, Inc, is a producer and distributor of a range of power solutions for original equipment manufacturers of off-highway industrial equipment.
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