Power Solutions International (NASDAQ:PSIX) Posts Quarterly Earnings Results

Power Solutions International (NASDAQ:PSIX) posted its quarterly earnings data on Monday. The company reported $1.03 earnings per share for the quarter, Zacks reports. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%.

Power Solutions International Trading Down 2.3 %

Shares of NASDAQ:PSIX traded down $0.71 on Monday, hitting $29.83. 322,970 shares of the company traded hands, compared to its average volume of 316,518. The business has a 50 day moving average price of $35.55. The company has a market capitalization of $686.09 million, a P/E ratio of 12.64 and a beta of 1.04. Power Solutions International has a 52 week low of $2.00 and a 52 week high of $45.74.

Insider Buying and Selling

In related news, major shareholder Gary S. Winemaster sold 15,181 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $37.05, for a total value of $562,456.05. Following the transaction, the insider now directly owns 2,999,102 shares of the company’s stock, valued at approximately $111,116,729.10. This represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

About Power Solutions International

Power Solutions International, Inc engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial, and transportation end markets.