Performance Sports Group Ltd. (PSG) Stock Price Down 5.9%
Shares of Performance Sports Group Ltd. (NYSE:PSG) were down 5.9% during mid-day trading on Monday . The stock traded as low as $2.28 and last traded at $2.38, with a volume of 598,720 shares changing hands. The stock had previously closed at $2.53.
Several analysts have issued reports on PSG shares. Roth Capital reiterated a “buy” rating on shares of Performance Sports Group in a report on Tuesday, July 12th. 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 report on Thursday, June 9th. Zacks Investment Research upgraded shares of Performance Sports Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 10th. Bank of America Corp. reiterated a “hold” rating on shares of Performance Sports Group in a report on Wednesday, August 17th. Finally, DA Davidson cut shares of Performance Sports Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $4.00 to $2.00 in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.40.
The stock’s market capitalization is $112.55 million. The firm has a 50 day moving average of $2.86 and a 200-day moving average 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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