Power Solutions International (OTCMKTS:PSIX) Stock Passes Above 50-Day Moving Average of $13.85

Shares of Power Solutions International, Inc. (OTCMKTS:PSIX) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.85 and traded as high as $19.70. Power Solutions International shares last traded at $18.86, with a volume of 56,784 shares.

Wall Street Analyst Weigh In

Separately, Craig Hallum boosted their price target on shares of Power Solutions International from $10.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, August 14th.

Power Solutions International Stock Performance

The stock has a market capitalization of $433.33 million, a P/E ratio of 14.62 and a beta of 0.91. The stock has a 50-day simple moving average of $13.85 and a 200 day simple moving average of $6.98.

Power Solutions International (OTCMKTS:PSIX) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36. Power Solutions International had a return on equity of 1,360.71% and a net margin of 10.51%. 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.