Performance Sports Group Ltd. (PSG) Stock Price Up 2.4%
Performance Sports Group Ltd. (NYSE:PSG) rose 2.4% during mid-day trading on Friday . The company traded as high as $3.48 and last traded at $3.44, with a volume of 157,284 shares traded. The stock had previously closed at $3.36.
PSG has been the topic of a number of recent analyst reports. Roth Capital reaffirmed a “buy” rating on shares of Performance Sports Group in a research report on Tuesday, July 12th. Zacks Investment Research raised Performance Sports Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $3.50 target price on shares of Performance Sports Group in a research report on Thursday, June 9th. Bank of America Corp. reaffirmed a “sell” rating on shares of Performance Sports Group in a research report on Thursday, June 9th. Finally, Wunderlich cut their target price on Performance Sports Group from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $7.77.
The company’s 50-day moving average price is $3.15 and its 200 day moving average price is $4.18. The stock’s market cap is $158.57 million.
An institutional investor recently raised its position in Performance Sports Group stock. Foresters Investment Management Company Inc. boosted its position in Performance Sports Group Ltd. (NYSE:PSG) by 20.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 221,000 shares of the company’s stock after buying an additional 37,000 shares during the period. Foresters Investment Management Company Inc. owned 0.49% of Performance Sports Group worth $2,128,000 at the end of the most recent reporting period.
Performance Sports Group Ltd. is engaged in the design, manufacture and distribution of performance sports equipment for ice hockey, roller hockey, baseball and softball, lacrosse, as well as related apparel and accessories, including soccer apparel. The Company’s segments include Hockey, Baseball/Softball and Other Sports.
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