Power Solutions International (OTCMKTS:PSIX) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Power Solutions International, Inc. (OTCMKTS:PSIX)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $19.69 and traded as high as $22.41. Power Solutions International shares last traded at $18.60, with a volume of 529,074 shares.

Analyst Ratings Changes

Separately, Craig Hallum boosted their price target on Power Solutions International from $10.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th.

Power Solutions International Price Performance

The company has a fifty day moving average of $20.07 and a 200 day moving average of $11.42. The firm has a market capitalization of $541.89 million, a P/E ratio of 18.28 and a beta of 0.92.

Power Solutions International (OTCMKTS:PSIX) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36. The firm had revenue of $110.59 million for the quarter. Power Solutions International had a return on equity of 1,360.71% and a net margin of 10.51%.

Power Solutions International Company Profile

Power Solutions International, Inc designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally. The company offers engine blocks integrated with fuel system parts, as well as completely packaged power systems, that include combinations of front accessory drives, cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes, packaging, telematics, and other assembled componentry.