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

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

Power Solutions International Trading Down 2.3 %

PSIX stock traded down $0.71 on Monday, hitting $29.83. The company had a trading volume of 322,970 shares, compared to its average volume of 316,518. Power Solutions International has a 12-month low of $2.00 and a 12-month high of $45.74. The company has a market capitalization of $686.09 million, a PE ratio of 12.64 and a beta of 1.04. The company has a 50-day moving average of $35.55.

Insider Buying and Selling at Power Solutions International

In related news, major shareholder Gary S. Winemaster sold 15,181 shares of Power Solutions International stock in a transaction 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 completion of the sale, the insider now owns 2,999,102 shares of the company’s stock, valued at $111,116,729.10. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.60% of the company’s stock.

Power Solutions International Company Profile

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.