Power Solutions International (OTCMKTS:PSIX) Hits New 1-Year High – What’s Next?

Power Solutions International, Inc. (OTCMKTS:PSIX) shares hit a new 52-week high on Wednesday . The stock traded as high as $36.87 and last traded at $35.26, with a volume of 834028 shares changing hands. The stock had previously closed at $31.34.

Analyst Upgrades and Downgrades

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

Power Solutions International Stock Performance

The company’s 50-day moving average price is $28.14 and its 200 day moving average price is $20.45. The stock has a market capitalization of $748.65 million, a P/E ratio of 13.79 and a beta of 0.99.

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.