Power Solutions International (OTCMKTS:PSIX) Announces Earnings Results

Power Solutions International (OTCMKTS:PSIX) released its earnings results on Monday. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36, Zacks reports. The business had revenue of $110.59 million for the quarter. Power Solutions International had a net margin of 6.78% and a negative return on equity of 360.24%.

Power Solutions International Stock Down 6.9 %

PSIX stock traded down $0.86 during midday trading on Wednesday, hitting $11.55. The company’s stock had a trading volume of 249,414 shares, compared to its average volume of 167,553. The firm has a market capitalization of $265.53 million, a P/E ratio of 8.48 and a beta of 0.88. The firm has a 50-day simple moving average of $9.40 and a 200-day simple moving average of $4.98. Power Solutions International has a 52-week low of $1.70 and a 52-week high of $14.87. The company has a quick ratio of 0.49, a current ratio of 0.85 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

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

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.