Zacks Investment Research upgraded Power Solutions International Inc (NASDAQ:PSIX) to Hold in a statement released earlier today.
- Updated: October 9, 2016
Zacks Investment Research has upgraded Power Solutions International Inc (NASDAQ:PSIX) to Hold in a statement released on Wednesday October 05, 2016.
Boasting a price of $11.12, Power Solutions International Inc (NASDAQ:PSIX) traded -3.57% lower on the day. With the last stock price close down -22.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Power Solutions International Inc has recorded a 50-day average of $11.33 and a two hundred day average of $14.23. Volume of trade was down over the average, with 28,431 shares of PSIX changing hands under the typical 53,962
With a total market value of $0, Power Solutions International Inc has price-earnings ratio of 112.86 with a one year low of $7.63 and a one year high of $27.92 .
A total of 7 equity analysts have released a ratings update on PSIX. One equity analyst rating the company a strong buy, four equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $16.14.
Brief Synopsis 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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