Power Solutions International Reaches New 12-Month High at $58.75 (PSIX)
Power Solutions International (NASDAQ:PSIX) set a new 52-week high during mid-day trading on Monday, American Banking & Market News reports. The stock traded as high as $58.75 and last traded at $58.12, with a volume of 96,400 shares. The stock had previously closed at $55.94.
PSIX has been the subject of a number of recent research reports. Analysts at Litchfield Hills Research upgraded shares of Power Solutions International (NASDAQ:PSIX) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, September 24th. They now have a $65.00 price target on the stock, up previously from $35.00. Separately, 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 Global Hunter Securities cut their price target on shares of Power Solutions International (NASDAQ:PSIX) from $40.00 to $37.00 in a research note to investors on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $56.90.
Power Solutions International has a 1-year low of $14.35 and a 1-year high of $58.22. The stock has a 50-day moving average of $53.01 and a 200-day moving average of $38.32. The company’s market cap is $549.0 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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