Power Solutions International (OTCMKTS:PSIX) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Power Solutions International, Inc. (OTCMKTS:PSIX) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $31.05 and traded as high as $44.00. Power Solutions International shares last traded at $42.31, with a volume of 395,410 shares.

Analysts Set New Price Targets

Separately, Craig Hallum lifted their target price on Power Solutions International from $22.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, November 11th.

Power Solutions International Stock Up 1.0 %

The company has a 50 day simple moving average of $31.05 and a 200-day simple moving average of $23.62. The stock has a market cap of $973.13 million, a price-to-earnings ratio of 17.93 and a beta of 0.99.

Power Solutions International (OTCMKTS:PSIX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.75 EPS for the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%. The business had revenue of $125.84 million during the quarter.

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.