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FBR Capital Markets began coverage on shares of Power Solutions International (NASDAQ:PSIX) in a research note issued on Wednesday, American Banking News.com reports. The firm set an “outperform” rating on the stock.

Shares of Power Solutions International (NASDAQ:PSIX) opened at 70.47 on Wednesday. Power Solutions International has a 1-year low of $19.50 and a 1-year high of $78.96. The stock has a 50-day moving average of $68.93 and a 200-day moving average of $62.46. The company’s market cap is $738.5 million.

Separately, analysts at Dougherty & Co initiated coverage on shares of Power Solutions International in a research note on Tuesday, January 21st. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $65.25.

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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