Power Solutions International (OTCMKTS:PSIX) Issues Earnings Results, Beats Estimates By $0.36 EPS

Power Solutions International (OTCMKTS:PSIX) released its earnings results on Monday. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36, Zacks reports. The firm had revenue of $110.59 million during the quarter. Power Solutions International had a negative return on equity of 360.24% and a net margin of 6.78%.

Power Solutions International Stock Performance

PSIX stock traded down $0.86 during mid-day trading on Wednesday, hitting $11.55. 249,414 shares of the company were exchanged, compared to its average volume of 167,553. The business has a 50 day simple moving average of $9.40 and a 200-day simple moving average of $4.98. The company has a current ratio of 0.85, a quick ratio of 0.49 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $265.53 million, a PE ratio of 8.48 and a beta of 0.88. Power Solutions International has a 1-year low of $1.70 and a 1-year high of $14.87.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum boosted their price target on shares of Power Solutions International from $10.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday.

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.