Power Solutions International (NASDAQ:PSIX) Posts Earnings Results

Power Solutions International (NASDAQ:PSIX) posted its quarterly earnings results on Monday. The company reported $1.03 earnings per share for the quarter, Zacks reports. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%.

Power Solutions International Stock Performance

Shares of NASDAQ:PSIX traded down $0.71 during trading on Monday, hitting $29.83. 320,303 shares of the stock traded hands, compared to its average volume of 316,280. The stock has a market capitalization of $686.09 million, a P/E ratio of 12.64 and a beta of 1.04. The business’s fifty day simple moving average is $35.55. Power Solutions International has a 52-week low of $2.00 and a 52-week high of $45.74.

Insider Buying and Selling

In other Power Solutions International news, major shareholder Gary S. Winemaster sold 17,983 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $36.84, for a total transaction of $662,493.72. Following the completion of the sale, the insider now directly owns 2,981,119 shares in the company, valued at approximately $109,824,423.96. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Power Solutions International Company Profile

Power Solutions International, Inc engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial, and transportation end markets.