Power Solutions International (NASDAQ:PSIX) Trading Down 6.6% – What’s Next?

Power Solutions International Inc (NASDAQ:PSIX)’s share price fell 6.6% during mid-day trading on Wednesday . The stock traded as low as $29.45 and last traded at $29.85. 170,251 shares were traded during trading, a decline of 49% from the average session volume of 331,603 shares. The stock had previously closed at $31.96.

Power Solutions International Stock Down 7.8 %

The firm’s 50 day moving average price is $35.37. The firm has a market cap of $678.04 million, a P/E ratio of 12.49 and a beta of 1.04.

Power Solutions International (NASDAQ:PSIX) last issued its quarterly earnings results on Monday, March 24th. The company reported $1.03 EPS for the quarter. The business had revenue of $144.30 million for the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%.

Insider Buying and Selling at Power Solutions International

In other news, major shareholder Gary S. Winemaster sold 17,983 shares of Power Solutions International stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $36.84, for a total transaction of $662,493.72. Following the sale, the insider now owns 2,981,119 shares of the company’s stock, valued at approximately $109,824,423.96. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of Power Solutions International

Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN acquired a new position in Power Solutions International during the 4th quarter worth $33,000. Heck Capital Advisors LLC bought a new stake in shares of Power Solutions International during the fourth quarter valued at about $94,000. Spire Wealth Management acquired a new stake in Power Solutions International in the fourth quarter worth about $96,000. Astoria Portfolio Advisors LLC. bought a new position in Power Solutions International in the 4th quarter valued at about $216,000. Finally, Evernest Financial Advisors LLC acquired a new position in Power Solutions International during the 4th quarter valued at about $223,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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.