Zacks Investment Research downgraded Power Solutions International Inc (NASDAQ:PSIX) to Sell in a report released today.
- Updated: September 23, 2016
Zacks Investment Research has downgraded Power Solutions International Inc (NASDAQ:PSIX) to Sell in a report released on 9/24/2016.
Yesterday Power Solutions International Inc (NASDAQ:PSIX) traded -0.09% lower at $10.90. The company’s 50-day moving average is $12.44 and its 200-day moving average is $14.27. The last closing price is down -23.68% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 48,422 shares of the stock were exchanged, down from an average trading volume of 54,841
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Power Solutions International Inc has a 52 week low of $7.63 and a 52 week high of $28.92 with a P/E ratio of 111.12 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $16.14 with 1 firm rating the stock a strong buy, 4 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 analysts rating the company a sell.
More About Power Solutions International Inc (NASDAQ:PSIX)
Power Solutions International, Inc. is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company's industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment. The Company provides alternative fuel power systems for OEMs of off-highway industrial equipment and on-road medium trucks and busses. In addition to its emission-certified power systems, the Company produces and distributes non-emission-certified power systems for industrial OEMs for particular applications in markets without emission standards.
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