Power Solutions International Inc (PSIX) was Reiterated by ROTH Capital to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 23 from a previous price target of $16 . ROTH Capital advised their investors in a research report released on Jun 8, 2016.
On the company’s financial health, Power Solutions International Inc reported $-0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-0.42. The company had revenue of $61.80 million for the quarter, compared to analysts expectations of $59.67 million. The company’s revenue was down -28.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.
Power Solutions International Inc closed down -0.86 points or -4.65% at $17.64 with 88,280 shares getting traded on Tuesday. Post opening the session at $18.45, the shares hit an intraday low of $17.54 and an intraday high of $19.4999 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Mar 7, 2016, Michael Lewis (CFO) purchased 1,000 shares at $11.24 per share price. According to the SEC, on Nov 17, 2015, Eric A. Cohen (Chief Operating Officer) purchased 10 shares at $18.24 per share price. On Aug 10, 2015, Daniel P Gorey (CFO) purchased 500 shares at $32.98 per share price, according to the Form-4 filing with the securities and exchange commission.
Power Solutions International Inc. is a designer manufacturer distributor and supporter of power systems and custom-engineered integrated electrical power generation systems for industrial original equipment manufacturers (OEMs) across a range of industries including stationary electricity power generation oil and gas material handling aerial work platforms industrial sweepers arbor welding airport ground support turf agricultural construction and irrigation. The Company’s power systems represent a range of emission-certified alternative fuel products for industrial applications. In addition to its emission-certified power systems it produces and distributes non-emission-certified power systems for industrial OEMs for particular applications in markets without emission standards.