Power Solutions International, Inc. (PSIX) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for PSIX, as the stock is down nearly 12% since Jun 18.
This slump shouldn’t be too much of a surprise to investors, as the internal combustion engines maker has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
PSIX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Engine-Int Cmb industry include Cummins Inc. (CMI), which holds a Zacks Rank #2 (Buy).
Investors interested in the Auto-Tires sector may consider better-ranked stocks like China Automotive Systems Inc. (CAAS) and Fox Factory Holding Corp (FOXF). Both the stocks carry a Zacks Rank #1 (Strong Buy).
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POWER SOLUTIONS INTERNATIONAL IN (PSIX): Free Stock Analysis Report
CUMMINS INC (CMI): Free Stock Analysis Report
CHINA AUTOMOTIVE SYS INC (CAAS): Free Stock Analysis Report
FOX FACTORY HOLDING CORP (FOXF): Free Stock Analysis Report
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