Craig Hallum Raises Power Solutions International (OTCMKTS:PSIX) Price Target to $22.00

Power Solutions International (OTCMKTS:PSIX) had its target price boosted by Craig Hallum from $10.00 to $22.00 in a research note released on Wednesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Power Solutions International Trading Up 18.8 %

OTCMKTS:PSIX opened at $17.26 on Wednesday. Power Solutions International has a twelve month low of $1.70 and a twelve month high of $17.64. The company has a quick ratio of 0.49, a current ratio of 0.85 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $10.01 and a two-hundred day moving average price of $5.20. The company has a market cap of $396.57 million, a P/E ratio of 13.38 and a beta of 0.88.

Power Solutions International (OTCMKTS:PSIX) last released its quarterly earnings results on Monday, August 12th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36. Power Solutions International had a negative return on equity of 360.24% and a net margin of 6.78%. The firm had revenue of $110.59 million during the quarter.

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.