Performance Sports Group Ltd. (PSG) Shares Down 5.9%
Performance Sports Group Ltd. (NYSE:PSG)’s share price fell 5.9% during mid-day trading on Monday . The company traded as low as $2.28 and last traded at $2.38, with a volume of 598,720 shares. The stock had previously closed at $2.53.
Several equities analysts recently weighed in on PSG shares. RBC Capital Markets lowered shares of Performance Sports Group from a “sector perform” rating to an “underperform” rating in a 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 report on Friday, June 3rd. Wunderlich cut their price objective on shares of Performance Sports Group from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, June 9th. DA Davidson lowered shares of Performance Sports Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $4.00 to $2.00 in a report on Tuesday, August 16th. Finally, Bank of America Corp. restated a “sell” rating on shares of Performance Sports Group in a report on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.40.
The stock has a 50 day moving average of $2.83 and a 200 day moving average of $3.69. The company’s market capitalization is $125.31 million.
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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