Power Solutions International (OTCMKTS:PSIX) Given New $37.00 Price Target at Craig Hallum

Power Solutions International (OTCMKTS:PSIX) had its price target increased by Craig Hallum from $22.00 to $37.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Power Solutions International Stock Up 19.1 %

PSIX stock opened at $33.35 on Monday. The company has a market capitalization of $766.72 million, a price-to-earnings ratio of 14.13 and a beta of 0.92. The firm has a 50 day moving average of $21.32 and a two-hundred day moving average of $13.26. Power Solutions International has a 12 month low of $1.70 and a 12 month high of $35.65.

Power Solutions International (OTCMKTS:PSIX) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.36. The business had revenue of $110.59 million for the quarter. Power Solutions International had a return on equity of 604.86% and a net margin of 12.46%.

About Power Solutions International

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.