PSINet (NASDAQ: PSIX) was downgraded by research analysts at Litchfield Hills Research from a “buy” rating to a “hold” rating in a report released on Tuesday, StockRatingsNetwork.com reports.
Shares of PSINet (NASDAQ: PSIX) opened at 45.07 on Tuesday. PSINet has a one year low of $14.35 and a one year high of $45.80. The stock’s 50-day moving average is currently $36.53. The company has a market cap of $418.6 million and a P/E ratio of 155.95.
PSINet (NASDAQ: PSIX) last released its earnings data on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.04. Analysts expect that PSINet will post $0.98 EPS for the current fiscal year.
PSIX has been the subject of a number of other recent research reports. Analysts at Global Hunter Securities downgraded shares of PSINet from a “buy” rating to a “neutral” rating in a research note to investors on Friday, July 12th. Separately, analysts at Zacks upgraded shares of PSINet from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 4th. They now have a $39.90 price target on the stock.
Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. PSINet has a consensus rating of “Buy” and an average target price of $32.95.
Power Solutions International, Inc, formerly Format, Inc, is a producer and distributor of a range of power solutions for original equipment manufacturers of off-highway industrial equipment.