Performance Sports Group Ltd. (PSG) Sees Large Volume Increase
Performance Sports Group Ltd. (NYSE:PSG) shares saw strong trading volume on Tuesday . 3,114,278 shares traded hands during trading, an increase of 143% from the previous session’s volume of 1,281,279 shares.The stock last traded at $2.09 and had previously closed at $1.85.
A number of research analysts have recently issued reports on PSG shares. DA Davidson lowered shares of Performance Sports Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $4.00 to $2.00 in a research report on Tuesday. Wedbush lowered shares of Performance Sports Group from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $5.00 to $2.50 in a research report on Tuesday. Zacks Investment Research upgraded shares of Performance Sports Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Royal Bank Of Canada restated 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. Finally, Bank of America Corp. restated a “sell” rating on shares of Performance Sports Group in a research report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Performance Sports Group currently has an average rating of “Hold” and an average target price of $7.40.
The stock’s market cap is $95.23 million. The stock’s 50-day moving average is $3.10 and its 200 day moving average is $4.06.
A hedge fund recently raised its stake in Performance Sports Group stock. Foresters Investment Management Company Inc. increased its stake in Performance Sports Group Ltd. (NYSE:PSG) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 approximately 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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