Power Solutions International (OTCMKTS:PSIX) Price Target Raised to $37.00

Power Solutions International (OTCMKTS:PSIX) had its price target upped by Craig Hallum from $22.00 to $37.00 in a report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Power Solutions International Stock Performance

PSIX opened at $29.40 on Monday. The business’s 50-day simple moving average is $21.93 and its 200 day simple moving average is $13.68. Power Solutions International has a 52-week low of $1.70 and a 52-week high of $35.65. The firm has a market capitalization of $676.20 million, a PE ratio of 12.46 and a beta of 0.92.

Power Solutions International (OTCMKTS:PSIX) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.36. The company had revenue of $110.59 million for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%.

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.