Power Solutions International, Inc. (OTC:PSIX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Power Solutions International, Inc. is engaged in producing and distributing power solutions for original equipment manufacturers of off-highway industrial equipment in the United States. The Company sells engines for stationary generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment. It also offers low-emission standard fuel and hybrid power solutions, and diesel power systems. Power Solutions International, Inc. is based in Wood Dale, Illinois. “

PSIX has been the topic of several other reports. Lake Street Capital raised shares of Power Solutions International from a “sell” rating to a “hold” rating and set a $9.00 target price on the stock in a research report on Tuesday, March 28th. Barrington Research raised shares of Power Solutions International from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 29th. Finally, Craig Hallum reissued a “buy” rating on shares of Power Solutions International in a research report on Tuesday, March 28th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $13.33.

Power Solutions International (OTC PSIX) opened at 9.6088 on Wednesday. The company’s 50 day moving average is $9.73 and its 200 day moving average is $8.24. Power Solutions International has a 52 week low of $2.76 and a 52 week high of $20.97. The stock has a market cap of $104.53 million, a P/E ratio of 98.0490 and a beta of 2.65.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Scout Investments Inc. purchased a new position in Power Solutions International during the first quarter valued at $518,000. Elk Creek Partners LLC increased its position in shares of Power Solutions International by 45.1% in the first quarter. Elk Creek Partners LLC now owns 748,747 shares of the company’s stock worth $7,555,000 after buying an additional 232,566 shares during the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of Power Solutions International during the first quarter worth approximately $178,000. Goldman Sachs Group Inc. bought a new position in shares of Power Solutions International during the first quarter worth approximately $229,000. Finally, FNY Managed Accounts LLC bought a new position in shares of Power Solutions International during the first quarter worth approximately $15,586,000. 29.30% of the stock is currently owned by institutional investors and hedge funds.

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.

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