Home / Industrial Goods / Industrial Goods Sector Bolstered by 5.02% Midday Gain for Power Solutions International Inc. (PSIX) on September 22

Industrial Goods Sector Bolstered by 5.02% Midday Gain for Power Solutions International Inc. (PSIX) on September 22

Power Solutions International Inc. (PSIX) has lent support to NYSE and NASDAQ listed companies in the industrial goods sector by being one of the best performers during morning trading on September 22. At the lunch break, shares of PSIX have jumped 5.02% to $10.88 after closing the day prior at $10.36. In the first two and a half hours of trading, the stock has gone as high as $11.18 and as low as $10.62. Today’s rise has come with about 52,232 shares changing hands, compared to an average 30-day volume of 67,879 for Power Solutions International Inc.. The price is currently below the 30-day volume weighted average price of $10.85 for PSIX.

The share appreciation gives the company a market capitalization of $112.71 million based upon 10.88 million shares outstanding. It also means that PSIX has a price-to-book ratio of 1.11:1.

In the past 52 weeks, shares of PSIX have traded as low as $7.63 and as high as $28.915. Technical traders will take note that at $10.88, shares of PSIX are trading below their 200-day MA at $14.39 and below their 50-day MA at $14.3. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is PSIX?

Power Solutions International Inc is a producer and distributor of high performance, certified low emission, power systems, including alternative fuel power systems, for OEMs of off-highway industrial OEMs. The company’s 819 employees are led by CEO Gary Winemaster from the corporate headquarters at 201 Mittel Drive in Wood Dale, IL.


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