Performance Sports Group Ltd. (PSG) Trading 40% Higher
Performance Sports Group Ltd. (NYSE:PSG)’s share price traded up 40% during trading on Friday . The stock traded as high as $2.69 and last traded at $2.52, with a volume of 6,298,084 shares changing hands. The stock had previously closed at $1.80.
Several equities analysts recently commented on the stock. RBC Capital Markets lowered shares of Performance Sports Group from a “sector perform” rating to an “underperform” rating in a research report on Monday, August 22nd. Zacks Investment Research lowered shares of Performance Sports Group from a “hold” rating to a “strong sell” rating in a research report on Friday, June 3rd. Wunderlich decreased their price objective on shares of Performance Sports Group from $6.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, June 9th. DA Davidson lowered shares of Performance Sports Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $4.00 to $2.00 in a research report on Tuesday, August 16th. Finally, Bank of America Corp. reaffirmed a “sell” rating on shares of Performance Sports Group in a research report on Thursday, June 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Performance Sports Group presently has a consensus rating of “Hold” and an average price target of $7.40.
The firm’s market capitalization is $115.28 million. The stock has a 50-day moving average price of $2.86 and a 200-day moving average price of $3.80.
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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