Shares of Power Solutions International Inc. (NASDAQ:PSIX) traded down 4.6% on Wednesday . The company traded as low as $10.31 and last traded at $10.36, with a volume of 54,828 shares trading hands. The stock had previously closed at $10.86.

A number of analysts recently weighed in on the stock. Vetr cut shares of Power Solutions International from a “strong-buy” rating to a “buy” rating and set a $17.20 target price on the stock. in a research note on Wednesday, May 25th. Zacks Investment Research cut shares of Power Solutions International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. Wunderlich assumed coverage on shares of Power Solutions International in a research note on Thursday, August 25th. They set a “buy” rating and a $50.00 price objective on the stock. Roth Capital upped their price objective on shares of Power Solutions International from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Finally, Lake Street Capital cut shares of Power Solutions International from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Tuesday, August 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Power Solutions International currently has a consensus rating of “Buy” and a consensus price target of $22.48.

The company has a market cap of $112.71 million, a P/E ratio of 105.71 and a beta of 2.62. The stock has a 50-day moving average price of $12.68 and a 200 day moving average price of $14.30.

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Several hedge funds have recently bought and sold shares of the company. Gagnon Securities LLC boosted its stake in Power Solutions International by 4.5% in the second quarter. Gagnon Securities LLC now owns 357,433 shares of the company’s stock worth $6,380,000 after buying an additional 15,478 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Power Solutions International by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 13,359 shares of the company’s stock worth $239,000 after buying an additional 610 shares in the last quarter. Kimelman & Baird LLC boosted its stake in Power Solutions International by 551.3% in the second quarter. Kimelman & Baird LLC now owns 164,008 shares of the company’s stock worth $2,928,000 after buying an additional 138,826 shares in the last quarter. Elk Creek Partners LLC boosted its stake in Power Solutions International by 14.3% in the second quarter. Elk Creek Partners LLC now owns 544,000 shares of the company’s stock worth $9,710,000 after buying an additional 68,248 shares in the last quarter. Finally, TCW Group Inc. bought a new stake in Power Solutions International during the second quarter worth about $574,000. Institutional investors own 48.32% of the company’s stock.

Power Solutions International Company Profile

Power Solutions International, Inc is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment.

5 Day Chart for NASDAQ:PSIX

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