Power Solutions International (OTCMKTS:PSIX) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Power Solutions International, Inc. (OTCMKTS:PSIX) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $20.41 and traded as high as $24.29. Power Solutions International shares last traded at $22.58, with a volume of 97,871 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised their price objective on shares of Power Solutions International from $10.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th.

Power Solutions International Trading Down 5.5 %

The firm’s fifty day moving average price is $20.59 and its 200-day moving average price is $12.13. The firm has a market cap of $490.48 million, a price-to-earnings ratio of 12.83 and a beta of 0.92.

Power Solutions International (OTCMKTS:PSIX) last issued its earnings results on Monday, August 12th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.36. Power Solutions International had a net margin of 10.51% and a return on equity of 1,360.71%. The business had revenue of $110.59 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.